In China, gambling houses and betting on animal fighting have existed for over 2000 years, and in the 10th century, lottery games and dominoes appeared in the country. The world’s first known brick and mortar casino opened in the 1630s in Venice, Italy. Since then, gambling has become commonplace all over the world, but it is especially gambling in online casinos that has attracted the most attention globally.
The first online casino opened its doors as far back as 1994, when the Internet and computers were still unusual concepts. In 1996 there were fifteen different gambling sites and a shocking increase was expected. The following year, there were up to 200 online gambling sites.
In 2001, it was estimated that 8 million people had already tried online gambling and the trend continued to grow. Global gaming market revenue in 2008 was approximately $21 billion. In 2016 it had risen to $46 billion and in 2018 it was around $56 billion.
The train should not stop. In 2026, the entire global market is expected to reach $876 billion.
If there is one digital phenomenon that has changed the world, it is the gaming industry and online casinos in particular. But what contributed to this immense worldwide popularity?
Internet and digital technologies have played a crucial role
Gambling in general and other types of online games could never have become so popular without the generous access to the internet and technology that exists in most parts of the world today. Thanks to the increase in internet speeds, smartphones and laptops, humans can connect from most places they are.
The charm of visiting a physical casino, cheering on your team at a football game or playing poker with friends at home in your living room has not gone away. However, the convenience of the internet means that more and more people are choosing to play directly through their mobile phones, tablets or computers, where they can find a huge amount of online entertainment.
Today, those who don’t want to go out and meet people can be entertained online with just a few clicks of a screen. Entertainment is available 24 hours a day, virtually anywhere, as long as an internet connection is available.
We will continue to see accelerated growth
The casino industry to date has seen incredible development in just 20 years, which most people expect will continue at the same pace. Thanks to the Internet and digital technologies, the gambling market is expected to grow significantly.
Even though it seems like the online casino industry has reached its peak, it certainly isn’t. Over the years we will see new innovations and interesting development in online casino games, but what, how and when it will happen only time will tell. If you want to be part of this trend, you can find more fun games online where the latest trends will appear.
With the development of AI and other solutions to the problems that exist today with a lack of human social interaction in games, the lines between reality and the virtual are expected to become even more blurred. Just look at the Metaverse, which is likely to be the next big thing.