The History of Online Gambling
Over the past two to three years, the online gambling industry has grown in leaps and bounds. However, online gambling began in 1994 with the Free Trade and Processing Zone Act passed by the government of Antigua Barbuda. Many online casinos today still operate under this legislation. https://casinophoenicia.ro/
1999
Lasseter’s, the first Australian-licensed Internet casino goes online.
Estimates exist of approximately 700 Internet casinos taking bets online.
New gaming software becomes available that has multi-player functionality, allowing multiple players to play together and chat to each other while involved in the online game.
2000
The Australian Federal Government passes the Interactive Gambling Moratorium Act. This makes it illegal for any online casino, not licensed and operating before May 2000, to operate. Lasseter’s Online becomes the only online casino allowed to operate in Australia under the new legislation.
Estimates exist of approximately 680,000 customers using online electronic payment systems for Internet betting.
Gibraltar and the Isle of Man begin to offer online sports betting licenses.
2001
Up to 8 million people are estimated to have gambled online with real money. https://romania-casino.ro/
It becomes legal for licensed online casinos to operate out of Nevada, according to new Nevada legislation.
An online gambler wins $414,119 playing slots at a Caribbean online casino. This is the largest online win to date.
2002
The first ever win of over $1 million in an online casino jackpot, was won. The winner was playing a progressive slot game at Captain Cooks Casino when he made his win.