Important Events in the Online Casino Timeline
Right now I guess that you are already enjoying the numerous features of online casinos and their casino games. Actually, online casino gaming is just a new trend today, having only evolved in just more than 15 years. Let’s take a look back on how online casino gaming had grown from its humble beginnings to its recent legal issues.
Year 1994 - The Free Trade Act paved way for the beginning of online casino gaming. As the Free Trade and Processing Zone Act had passed in this year, these acts and the resulting legislation govern the operations of online casinos up to now. And merely a year later, companies are created that aims to facilitate online money transfer programs.
Year 1996 - This year marked the start of real-money betting on online casinos. This is made possible by the first online cash and gaming program that had been created. In October of the same year, the first real money bet has been made at an online casino, thus changing the face of the business effectively.
Year 1998 - The progressive online slot machines were introduced in online casinos and became one of the most attractive games in any online casino, offering a massive jackpot prizes from connected slots games worldwide. The ever-growing jackpots then began to lure in more and more players.
This year also marked the first few attempts to illegalize online casino gambling, through the Internet Gambling Prohibition Act. However, these attempts failed to do their sole purpose as the bill was rejected.
Year 1999 - The introduction of the multiplayer online casinos. Multiple players can now share table games and play against each other thanks to the first multiplayer online casino software that became available in this year. Also, one of the good features of this multiplayer platform is that players can talk to one another through the chat functions.
Year 2000 – The Internet Gambling Prohibition Act was revised, but still failed to take effect.
Year 2001 - The progressive jackpot system soars to whole new higher levels. Reaching the amount of half a million dollars, this year marked the biggest progressive online casino jackpot to date. During this same year, the Internet Gambling Prohibition Act was again revised and again failed to be implemented.
Year 2002 - This year, the online casino gambling had made one man a millionaire, by winning a jackpot worth over one and a half million dollars, the first million plus jackpot in the history of online casinos.
Year 2003 - The creation of the eCommerce and Online Gambling Regulation and Assurance (eCOGRA). This marked the start of a new era in the online casino industry, by implementing much improved security and safety guidelines.
However, the anti-gambling online casino bill tries harder to come into effect. They prohibited the online money-processing through banks, credit cards, etc in association with online gambling.
And also at this year happened a very definitive moment for many amateur online casino players, in which the World Series of Poker (WSOP) is won by no other than a player with nothing but online casino experience.
Year 2004 - The World Trade Organization contested the laws concerning the ban of online casino gambling in the United States, as it was noted that horse races and live casinos are not receiving the same prohibition.
Year 2005 - The previous jackpot record was broken by a new winner of online casino progressive jackpot which amounts to almost two million dollars.
Year 2006 to Present - Starting from the year 2006, the online casino industry still faces the perils of being totally banned. But there are still those who are fighting for the health of the industry. Moreover, even though playing for real money becomes way more difficult than before, the online casinos constantly strive to offer great products and services and freebies for their players.
Nami Dalufin is the writer of Online Sports Betting that tackles a lot of news and latest information with regards to online casino, casino related stories, casino games like craps and baccarat. . Also recommends http://www.onlinecasinoadmin.com/ for your greatest and ultimate casino portal that will give you a lot of casino bonuses and strategies that can help you in your gaming experience. Visit also, http://sportsonlinebetting.blogspot.com/ for online sports betting resources.
