The concept of iGaming appeared in the early 2000s, just as the Internet was becoming a more important part of our daily lives.
Gambling has always played an important role in our society, and the ability to enjoy it online completely transformed the industry, making it more available to the masses.
In the beginning, iGaming was a relatively small industry, as only a small part of the population had access to the Internet, but everything changed quite quickly.
Today iGaming is a massive industry that is only growing by the day, but we take a look at how we got here and why iGaming is as big as it is today.
How it all started?
The introduction of high speed internet meant that a variety of companies could now offer their products to customers on the world wide web, and this certainly included various gaming companies such as bookmakers, casinos, and poker rooms.
Many of them jumped into the online space, not really knowing what to expect. The expansion of the Internet came very quickly and suddenly, and the iGaming industry was born, with many companies now doing more with their products online than with their live customers.
The first iGaming sites were simple and offered only a handful of games and services, but the lack of regulation also meant that they could serve customers from all over the world without restrictions.
Regulation and expansion of iGaming
The expansion of iGaming was fast and furious, and online casinos, poker sites, and bookmakers were growing at a rate they could not have anticipated.
In the mid-2000s, European countries began to adopt various regulations for online gambling, while the The United States took a firm stance against him, banning major casinos and online poker sites in the process.
Regulation slowed expansion somewhat as companies now had to adhere to stricter protocols and several iGaming sites had to shut down because of it.
However, the newly regulated sites began to deliver the kind of iGaming experience gamers could only have dreamed of, taking iGaming to a whole new level.
Slots, bonuses and live casino
The growth of the online casino industry spawned dozens of software companies, specifically focusing on developing games for these online gaming operators.
Video slots became hugely popular with players in Europe, Australia, and the rest of the world, as hundreds of slot titles introduced countless new game mechanics and provided players with more entertainment value than live casinos.
At the same time, online operators were able to offer casino sign up bonus offers, which boosted player funds and gave them an added incentive to sign up.
Before long, live casino games were added to casino lobbies, completing the iGaming experience and giving players everything they could have in a real casino, at home.
In addition to online casinos, the iGaming industry also saw massive success with sports betting, online poker, and bingo products, all of which have vastly improved since they went online.
Introduction to fantasy sports
The newest addition to the world of iGaming is online fantasy sports, with daily fantasy sports completely revolutionizing the genre.
Fantasy sports are a trend that has been going on in the US for decades, and friends and co-workers generally establish private leagues.
Now, with the introduction of online fantasy sites, sports fans around the world can join in leagues made up of thousands of players, taking the experience to a whole new level and winning huge cash prizes.