The Evolution of Online Gambling
Many countries restrict online gambling. However, in some regions, such as the United States, Canada, and the European Union, online gambling is legal. In the Caribbean, online gambling is legal in many countries. All online gambling service providers are required to be licensed by a regulatory authority. Some of these authorities are the United Kingdom Gambling Commission and the Pennsylvania Gaming Control Board. For example, a license is required for any website that offers sports betting, bingo, or other types of online betting.
In 1998, the first online poker rooms opened. In 1999, the Internet Gambling Prohibition Act was introduced in the US Senate. This bill would have banned online gambling for U.S. citizens. Nevertheless, the emergence of multiplayer online gambling in the US led to the creation of new types of gambling websites. Although this legislation didn’t take effect until the early 2000s, there is no evidence that it will have any impact on the industry.
As the industry began to gain popularity, there were more websites launching every year. By 1998, there were more than 200 online gambling websites. A Frost & Sullivan report showed that online gambling revenues topped $830 million. The first online poker rooms opened in 1998. The US Senate introduced the Internet Gambling Prohibition Act in 1999, which would have prevented U.S. citizens from accessing such sites. This legislation was later repealed, but multiplayer games were launched as well.