Since the beginning of time people have been engaging in one form of gambling or another. From our days all the way to ancient Egyptians, Greeks or Chinese, where money’s been available, gambling was right there too! It’s well known nowadays that card games and paper money originated from ancient China. Historians believe that earliest form of cards first appeared in the old continent in the 14th century, probably via North Africa, and the first land-based casino appeared in 17th century in Italy thus providing a controlled gambling environment.
Online gambling or it’s first form to hit the internet was online casinos. In the same year that the company called Microgaming was established, 1994, the island’s Antigua and Barbuda passed their Free Trade and Process act. Antigua became the first country which made it possible for operators to apply for licenses. Microgaming claims to have been the very first company to provide a fully functional real money online casino: The Gaming Club.
Online gambling, with it’s humble beginnings in the Caribbean, has already transformed into a billion dollar industry. In the year 2010, online gambling generated revenues in excess of $29 billion. In 2017, online gambling is expected to generate $50.65 billion dollars and the experts predict that this will jump to $56.05 billion in 2018. Just so that you really understand and for comparison’s sake, Disney generated $52.47 billion in 2016.
The history of online gambling is very captivating, full of all sorts of twists and turns.
Have a look at the infographic below, from Casinosonline.com which highlights this billion-dollar industry from its humble beginning to its current state.