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About 1XGAMBLE✎ This data is from 2024 and is updated every 4 months by expert SEO Consultant Services in Impression.What is an online casino?
The online casino market was reported to grow from approximately $81.1 billion in 2022 to $88.6 billion in 2023, at a compound annual growth rate (CAGR) of +9.3%. It is also projected to reach $125.6 billion by 2027, at a compound annual growth rate (CAGR) of 9.1%.History of Legal Gambling Sites
Online casinos actually started before the internet took off in and in 1994 it was granted with the first license, marking the historic beginning of the legalization of online casinos.
The United Kingdom is one of the most developed countries focused on legal gambling. The first law to issue licenses for operation of online casinos was passed in the Commonwealth member state of Antigua and Barbuda. That’s where the history of online casino gambling began. But it also marked the beginning of the legislation to ban online casinos that aroused in the United States, along with Antigua and Barbuda.
Up till today, depending on the country, the government keeps changing their laws on offshore casino sites.
First online casino law passed in 1994!
Since 1994, online casinos licensed in Antigua and Barbuda have been quite reliable, and other countries that have issued licenses to well-known offshore casino sites include the Isle of Man, the Republic of Malta, and Gibraltar.A small country in the Caribbean called Antigua and Barbuda has passed the world’s first law to issue online casino business licenses.In 2007, based in Republic of Malta, the Malta Gaming Authority started issuing gaming license which is up until today remain the most reliable and famous in Gaming Industry.
Source : Antigua and Barbuda
1994: Establishment of the first online casino game company!
All online casino operating companies require two main features: an “operating license” and a ”software”, and the first company in the world to develop that software is the Microgaming company.Microgaming is a software company headquartered in the Isle of Man, United Kingdom. The company was founded in 1994, however, it was a prominent player in the Antigua and Barbuda online gambling industry even before the operating license for online casinos had been issued.Microgaming is the company that started the history of online casinos and is still a popular gaming software company. If you’re an experienced player, you’ll notice that many online casinos are powered by software from Microgaming.The world’s first online casino site was launched in 1996!
So, what was the first online casino site in the world? The answer is “Inter Casino”, which still continues to dominate among players today. It was founded in 1996 by WagerLogic, a subsidiary of Critologic, the company that developed Inter Casino’s online payment software.In 2012, Critologic and Wegelogic, which started Intercasino, merged with Amaya Gaming Group, and two years later, in 2014, only upon listing on the Canadian Stock Exchange, Intertain Group acquired “Amaya gaming group”.
Thus, Intertain Group is the owner of the most historic online casino brand in the iGaming market, which have allowed it to establish its position in the industry.
Legal Online Gambling Countries in 2024
As of 2024, legal casino sites are available in approximately 190 countries, and this number includes gray-zone countries.In general, you can legally enjoy casino sites and sports betting in most European countries, with some countries offering limited access.In Europe some of the countries where online casinos are available includes: Spain, France, Italy, Denmark, Malta, the Netherlands, and Hungary. Outside of Europe, some offshore online casinos are available in the Philippines, the United Kingdom, Canada, Australia, Hong Kong, and some US states.In the United States and Canada, online gambling and sports betting is considered a common practice, and while it is not legal in some places, the government is not heavily involved.Fun Facts: The History of Sports Betting
Betting games have naturally evolved from online casinos to online sports betting. A new betting platform was offered by InterTops in 1996, which led to rapid expansion and success from the start, followed by William Hill and several other companies opening online casino or sports betting sites. In the case of the William Hill and Ladbrokes companies, they are still in operation today.Sports bookmakers, as well as offshore online casinos, initially offered huge bonuses and cashback, but as the market for legal gambling online has grown, these offers have dwindled. However, what makes offshore casino sites and sports betting sites still popular today is the fact that they still offer a wide range of bonuses and cashback offers.※The Ultimate Guide to Online Casino and Sports Betting Bonuses and Cashback!