Back in the middle 90s, the online casino industry had finally reached a crucial point of growth. What marked the beginning of a new exciting era for the online gambling industry was the establishment of The Gaming Club.
The Gaming Club is considered the very first online casino to hit the market in 1994. Several months before the casino became operational, Microgaming was founded. The Gaming Club relied on the Microgaming software.
In addition to Microgaming, CryptoLogic is also one of the pioneers in the iGaming industry. Shortly after Microgaming launched The Gaming Club, CryptoLogic launched the Intertops casino.
Both Intertops and The Gaming Club featured several classic table games, far less than modern online casinos offer today. Four years after Microgaming launched The Gaming Club, the very first online poker gambling venue appeared on the scene. The first poker site was called Planet Poker.
Over the years, the online casino gambling industry has expanded massively. In the last several years, numerous new gambling operators joined the scene, with new gambling sites opening their virtual doors on a regular basis.
As of today, the United Kingdom is home to one of the most thriving online casino gambling scenes. The UK iGaming scene regularly introduces new exciting gambling sites.
One of these is Stake Casino. Stake Casino in the UK features quite a few awesome games, great bonuses, and other perks and benefits you expect from a reputable brand. What sets apart Stake Casino from other gambling venues is its banking system.
Unlike many other online casinos operating in the UK, Stake Casino supports many digital currencies, alongside the British pound sterling and several other fiat currencies.
The Tremendous Growth of the Online Casino Industry
When discussing the amazing growth of the online casino industry, we need to take a look at past and present gross gaming revenues collected by online casino and gambling operators.
According to one report conducted by Facts and Factors, the global online betting and gambling market is expected to scoop amazing revenues of over $100 billion by the year 2026.
According to the same report, the global online gambling industry will grow at an annual rate of 10% in the next years.
The latest projections conducted on the industry’s growth suggest that the global iGaming market will be valued at over $92 billion by the end of 2023, as revealed in this report. As estimated in December 2021, the value of the global iGaming market surpassed $59 million.
The tremendous growth of the online casino gambling market is mainly fueled by the increasing digitalization in many different regions across the globe.
Needless to say, the iGaming market’s amazing growth is also fueled by technological advancements, such as VR and AR that make online gambling sessions much more interesting and convenient.
In the last several years, the online casino industry has grown in many different regions. Following the US Supreme Court’s decision to allow each individual state to formulate its own gambling laws and regulations, many US states have legalized online casinos.
This is one of the major driving forces behind the amazing growth of the online casino sector. With friendlier, more lenient gambling laws and regulations present in the United States, we can expect some other regions to follow the same steps.
When it comes to Europe and the European gambling scene, it remains extremely lucrative with most European countries having thriving iGaming industries.
One of the latest European countries to introduce friendlier iGaming laws and regulations was Germany. As of July 2021, international operators can apply for licenses to operate in the country. By all accounts, the online casino gaming sector will expand further, and for players, this brings better winning opportunities.
