The Future of The Online Casino

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by: Stebee
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Word Count: 436

Gambling is a game of probability combined with strategy. There are ways to win more in the long run by playing online roulette in online casinos. This system is quite easy but it works! Using probability you can maximize your potential to take home massive winnings. If you lack experience as a player or find that quite often you are just plain unlucky, don’t worry, you will certainly start to turn bad luck into profit by following a system.

In the beginning there was Antigua and Barbuda. The year was 1994 and the tiny island country became the catalyst for the online gambling industry. That year was the year that Antigua passed the law that made it a legal jurisdiction and allowed it to issue gambling licenses. Not only did it provide a foundation for online gambling but even today, most online gambling companies are based in the country in order to use their license. In light of the new opportunities, and even before the first online casino opened its gates, came the gaming software to support it. Microgaming, an Isle of Man based software company, developed the first fully operational online casino software which paved the way for many of the online gambling sites that followed. CryptoLogic, an online security software company, provided the much needed software to make Internet transaction safe and viable. This culmination of software development led to InterCasino, the first online casino opening in 1995. The first online casino offered 18 different games and online access to the National Indian Lottery. It is certainly no false statement to say the the World Wide Web has revolutionized the gambling world. The evolution of technology makes it possible to gamble from anywhere, at any time.

The online gambling industry revenues in 1997 were $1 billion, with $600 million from the U.S. alone. The revenues tripled by 2001 with more than $3 billion worldwide, almost tripled again by 2004 with $8.2 billion and reached more than $15 billion in revenues so far in 2006. All predictions for the future of online gambling, which predicted revenues of $25 billion by 2010 are now void, due to new American laws restricting residents funding accounts at online casinos. Growth in the industry, in countries where gambling is not outlawed, is all but guaranteed. Things are going well for the gambling world, especially the online gambling world. But the good times are not set to last long. Already in the works is an attempt to make gambling online impossible for U.S. residents who are still defiant on laws passed only two years ago.

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While the online gambling industry will probably survive the recent setbacks, it is undeniable that the industry has run into a major difficulty since the U.S. provides half of the income for some online casinos and in many cases, much more. This is a critical and very interesting time for the online casino gamers. It remains to be seen if it will get back on its feet, perhaps stronger than ever, or will it slowly be reduced to a few big companies that will be strong enough to withstand the recent legislation.

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