The history of online casinos is very interesting. It started in 1970s with the origin of gaming software. The software started to influence the land based casinos with its presence. Things began to change, like electromechanical slots were replaced with slots machines based on computer software. one of the interesting software was related to like blackjack strategies which was developed by many professional card counters.
After the invention of gaming software the issue was to connect the different systems to a server node, the server where gaming applications were stored. This issue was resolved in 1990s with the accessibility of internet. In the early days internet was used only as a mode of communication between individual users. But with the passage of time the uses of internet becomes limitless And played a great role in online gaming industry.
The last thing required for online casinos was authorization, which came in about 1994 with the adoption of Free Trade and Processing Zone act. This act was first enacted in island state of Antigua and Barbuda. According to this act, if a casino fulfills the rules and regulations of this law then it can be provided with license. This act provided the required freedom to individuals to start online casinos.
In online casinos, Microgaming was the next step to develop online gaming software. The origin of microgaming completes the missing part of online gaming industry that was security. Microgaming leads to safer online money trasactions. An online security software company was founded in 1995 in Ireland. It developed first eCash application for online casinos.
Since then the online casino industry is growing day by day. It is estimated that there were over 2,300 online gambling sites that include online casinos, online poker rooms and online betting by 2006 with combined revenue of over $15 billion.