How online casino games have evolved

December 22, 2021 iGaming & Gambling Industry Updates

The world of online casinos is constantly evolving. It is a business that is always expanding and changing as new gamblers come to the market, newbies figure out how to outsmart the existing gaming firms, and the rivalry heats up.

Planet Poker, founded by a small group of entrepreneurs in 1998, was the first gambling site to acquire prominence. This tendency has reached even the top betting platforms. Many people were initially skeptical about using this novel concept known as the Internet to play games. Because there were no defined laws, regulations, or even established standards, it quickly devolved into a Wild West populated by con artists and rip-off artists who preyed on unsuspecting gamers. However, these early adopters were quickly proven incorrect when a large number of individuals rushed to this new form of gaming.

A brief history of online casino games
The first internet gambling software was purportedly created in 1994. However, it was more like a virtual bingo hall. Planet Bingo was the first site, and it only featured one game that could be played on the Web browser or WAP-enabled mobile phones. Planet Bingo along with its team of software developers was sold to a UK gaming firm named Sportingbet in 1998.

The internet gaming industry was set to undergo a major transformation. When Microgaming’s Quickfire platform was unveiled, the market flew into a craze. Other gambling software companies joined the bandwagon, launching their own virtual casino platforms, like Zodiac Casino.

Many new players entered the internet gambling market in the early 2000s, with some major gambling companies deciding to provide extensive betting products without the land-based overhead costs. Internet casino revenues fluctuated from $7 billion to $10 billion in 2004, and they have displayed no signs of declining ever since.