History
In 1994 the Caribbean nation of Antigua and Barbuda passed the Free Trade & Processing act, allowing licences to be granted to organisations applying to open online casinos.Before online casinos, the first fully functional gambling software was developed by Microgaming, an Isle of Man based software company. This was secured with software developed by CryptoLogic, an online security software company. Safe transactions became viable and led to the first online casinos in 1994.1996 saw the establishment of the Kahnawake Gaming Commission, which regulated online gaming activity from the Mohawk Territory of Kahnawake and issues gaming licences to many of the world's online casinos and poker rooms. This is an attempt to keep the operations of licensed online gambling organisations fair and transparent.
During 1997 and 1998, online gambling gained popularity. Internet gambling websites had increased from just 15 websites in 1996, to 200 websites in 1997. A report published by Frost & Sullivan revealed that online gambling revenues had exceeded $830 million in 1998 alone. In the same year the first online poker rooms were introduced. Soon after in 1999, the Internet Gambling Prohibition Act was introduced, meaning a company could not offer any online gambling product to any U.S citizen. This did not pass. Multiplayer online gambling was also introduced in 1999. This was the first time people could gamble, chat and interact with each other in an interactive environment.
In 2000, the first Australian Federal Government passes the Interactive Gambling Moratorium Act, making it illegal for any online casino not licensed and operating before May 2000 to operate. The new legislation meant Lasseter's Online became the only online casino able to legally operate in Australia; however, they cannot take bets from Australian citizens.
By 2001, the estimated number of people who had participated in online gambling rose to 8 million and growth would continue, despite the legislation and the lawsuit challenges which would continue to be received by online gambling.
In 2008, H2 Gambling Capital estimates worldwide online gambling revenue at $21 billion.
Forms of online gambling
The Internet has made way for new types of gambling to form online. The recent improvements in technology have once again changed betting habits just as Video Lottery Terminal, keno and Scratchcards changed the gambling industry in the early 20th century.Internet gambling has become one of the most popular and lucrative business present on the Internet. In 2007 the gambling commission stated that the gambling industry achieved a turnover of over £84 billion according to the UK Gambling Commission. This is partly due to the wide range of gambling options that are available to facilitate many different types of people.
Poker
Main article: Online poker
Online poker tables commonly offer Texas hold 'em, Omaha, Seven-card stud, razz, HORSE and other game types in both tournament and ring game structures. Players play against each other rather than the "house", with the card room making its money through "rake" and through tournament fees.Casinos
Main article: Online casino
There are a large number of online casinos in which people can play casino games such as roulette, blackjack, pachinko, baccarat and many others. These games are played against the "house" which makes money due to the fact that the odds are in its favor.Sports betting
Main article: Sports betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome.Bingo
Main article: Online bingo
Online bingo is the game of bingo (US|UK) played on the Internet.Lotteries
Main article: Online lottery
Most lotteries
are run by governments and are heavily protected from competition due
to their ability to generate large taxable cash flows. The first online
lotteries were run by private individuals or companies and licensed to
operate by small countries. Most private online lotteries have stopped
trading as governments have passed new laws giving themselves and their
own lotteries greater protection. Government controlled lotteries now
offer their games online.UK National Lottery
The UK National Lottery started in 1994 and is operated by the Camelot Group. Around 70% of UK adults play the National Lottery regularly, making the average annual sales over £5 billion apart from the year 2000-01 where sales dropped just below that. In its first 17 years it has created over 2,800 millionaires. In 2002 Camelot decided to rebrand the National Lottery main draw after falling ticket sales. The name National Lottery was kept as the general name for the organisation and the main draw was renamed Lotto. The advertising campaign for the new Lotto cost £72 Million which included 10 television advertisements featuring Scottish comedian Billy Connolly and one of the largest ever poster campaigns. The new brand and name had the slogan:Horse racing betting
Horse racing betting comprises a significant percentage of online gambling wagers and all major Internet bookmakers, betting exchanges, and sports books offer a wide variety of horse racing betting marketsMobile gambling
Main article: Mobile gambling
Mobile gambling refers to playing games of chance or skill for money by using a remote device such as a tablet computer, smartphone or a mobile phone with a wireless internet connection.In-Play gambling
In-Play gambling is a feature on many online sports betting websites that allows the user to bet while the event is in progress. A benefit of live in-play gambling is that there are much more markets. For example, in Association football a user could bet on which player will receive the next Yellow card, or which team will be awarded the next corner kick.And this one is the example of agent who provide betting service www.fairbet88.com.
this agent has many type of betting online game such as sportsbook and online casino. you can go through to the website for furher information
