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The rise of online casinos.
Online casinos first surfaced in the mid 90’s, however, they were far from what we know today. Around the same time that online casinos became a thing, one of the industries the largest software providers came to prominence, Microgaming. They have now become known as one of the leading lights, and the company that revolutionized online casinos.
They are still trusted as one of the most reliable software providers for the online gambling industry. They support a whole plethora of online gaming sites, from casinos to poker rooms and everything in between.
Online casinos became revolutionized after 1996 when the Kahnawake Gaming Commission was formed, They were established with the aim of issuing gaming licenses. After this the gambling industry online found huge growth and by the end of this year there were already 15 internet gambling sites available. By a year later the internet was blown up with more than 200 online casinos, poker sites and sportsbooks across the world with annual revenues near reaching $1 billion!
Online casino games were here, and were already becoming quite popular even before the turn of the century!
Legalization of online gambling in the US was first drafted in the late 90s as it started to rise in popularity. The bills were drawn upon the idea that they would curb online gambling activities for all except those that involved horse and dog races, as well as state lotteries. However, these bills were never passed.
Yet, over time it did not matter, and online gambling was still participated in, and just like its land-based cousin, it continued to grow. By 2010 New Jersey became the first US body to pass a bill legalizing some forms of online gambling. And after this, more followed, slowly but surely. Today, online gambling is legal in many states, however, some states will only allow sports betting, or online poker.
Yet it is improving. Online Cricket Betting ID have grown vastly, and with plenty of states still allowing it, there is still much traffic to these sites.
That being said, as we will now look into, there is much to be said about the positives and negatives of this speedy growth in online gambling and how it has not only affected us, but the online world and the internet as a whole. How Online Casino has affected the Internet-
The problem: Addiction.
One of the biggest issues that has been found with the fast and vast rise of online gambling and online casinos is the ease to addiction. It is available to virtually anyone with the internet, having become one of the biggest entertainment revelations. Yet, it has to be said that since casinos proliferated, consumer-protection practices have somewhat lagged. Where some casinos have even decided that it is okay to operate without any necessary licenses or regulatory supervision, which can make them dangerous.
Of course, this space has also opened up revenues for spamming, fraud and so on.
Yet, the biggest issue is also one of its greatest perks. You can walk around all day with a mini casino in your pocket now. You can have apps, or just open up your mobile browser straight to your favorite online casino and gamble anywhere. While this is a saving grace for some, allowing them to slip their hobby easily into their day, it also allows space for addiction to grow. Much like we can easily become addicted to social media, becoming addicted to online gambling and playing the slots online at our favorite casino has made the internet an even more dangerous place than it already was.
The internet is infamous for being a universal library that connects people and brings people together, however, it is also a dangerous space, and even though this is not in any way the biggest threat to human society the internet can bring, its ease of access and the fact that not all online casinos are correctly regulated makes it very easy to lose a lot of money, very quickly.
For this reason, before you gamble online, always ensure you choose a good casino with a great reputation, and also, ensure that you can monitor your bankroll and set limits.
The positives: Higher traffic and more ease.
Of course, it is not all so bad. The ease of access is one thing that is good. The internet allows us to have the world at our fingertips, and we can connect with people through these online casinos too. The online gambling industry has also grown the internet and opened up new revenues for investments, much like a land-based casino would. The use of cryptocurrencies in casinos has also had a positive effect in the growth of cryptos.
And let’s not forget the higher traffic. High traffic from any corner of the internet forces our technology to have a need to become better, faster, and more efficient. We may have more to thank online gambling for than we realize.