When online gambling was first introduced, the online gambling industry did not have an official name yet. “Internet gambling” was used at the very beginning to describe a type of internet gambling. Over the years, the term “online gambling” has evolved into a more generic term that includes all online gambling experiences. Thus, the online gambling industry timeline can be quite confusing as it includes a lot of different events.
Probably one of the most important events is when the first online gambling platforms were created. Before the World Wide Web, the online gambling industry was largely unregulated. This resulted in people finding ways of cheating and hacking into gambling software. Therefore, the first online gambling platforms were not very secure at all, and many states had to get involved to pass laws regulating online gambling. However, these laws were mostly ignored and online gambling grew in popularity until the laws were later tightened again.
The next major event in the online gambling industry happened with the introduction of credit cards and debit cards for online casino. These technological innovations changed the way people gamble and the online gambling industry saw a boom and development. Before the internet, people had to use their bank books or checkbooks to pay for online gambling. As a result, they had to give out their personal information such as credit card numbers, social security numbers, and other personal information.
The evolution of the online gambling industry timeline shows that the evolution did not …