Technological Advancements in the Online Gambling Sector

Online Gambling Sector

Most experts and historians agree that gambling activities have been around since the dawn of man, but the exact origin of gambling is still unknown. What we know for sure, gambling activities were popular in Ancient China. More specifically, the very first evidence of gambling activities was uncovered in Ancient China. According to historians and the evidence they collected, some forms of lottery games were played in Ancient China around 2,300 BC. In this blog, you will be knowing Technological Advancements in the Online Gambling Sector.

The Book of Songs has many references to playing games of chance, and even though these earliest gambling games were nothing like modern games we have today, it is safe to say that gambling has been around for centuries. Keno also originated in Ancient China. More specifically, Keno was inspired by the game called baige piao. Historians have uncovered old keno slips that were used by Chinese gamblers in 200 BC.

Gambling activities were also very popular among Ancient Romans and Greeks. There is also evidence Ancient Egyptians were fond of gambling, especially gambling games that involved using dice. When it comes to Greeks and Romans, they loved to engage in gambling activities and were big gamblers even though most gambling activities were forbidden and outlawed in Ancient Rome and the penalties in place were very harsh.

When it comes to the very first gambling Cricket ID game that involved playing with cards, most historians agree that such games were played in parts of China in the ninth century AD. What we know for sure according to evidence found, Koreas played gambling games in the sixth century. They used silk and paper to play games similar to modern blackjack and poker. Fast forward to the seventeenth century, the game of Vingt-en-Un, that inspired modern blackjack, was played in France.

The Evolution of Online Gambling

The iconic game of blackjack came to the United States from France. It was brought by French settlers and it was not long before the game was played in New Orleans and other bigger Southern cities. The modern game of blackjack that we play today was born in Nevada in the late 1930s. The very first gambling houses that resembled modern land-based casinos opened their doors in the seventeenth century in Italy.

Over the years, similar gambling houses opened their doors in other parts of the world, and not much changed in the industry until the middle 1990s when Microgaming started working on what will become the very first iGaming software. The very first online casinos included just a couple of basic games while today, online casinos are packed with hundreds, and sometimes even thousands of different games. Real money gambling at online casino gaming venues has exploded in the last couple of years.

According to this Statista report, the online gambling industry is expected to reach a value of over US$92 billion in just two years from now. Many different factors positively impact the online gambling industry including amazing technological advancements that have already and will continue to change the global gambling industry. Further, we take a look at major technological advancements that have completely transformed the online gambling industry.

The Impact of Technological Advancements on the iGaming Industry

Technology has and will continue to positively impact the whole global online gambling industry. Over the last several years, the global online gambling industry has grown massively and nobody can deny the the part technological advancements have played in the development of growth of the global Online Cricket Betting Id gambling industry. The Internet has changed almost every industry out there and the same is true for mobile devices. The increasing adoption of mobile technologies was one of the biggest milestones for the iGaming industry.

Just in 2012, mobile gaming activities increased by over seventy-five percent. The amount of real money wagers placed on portable devices has never been as high as today with more and more players gambling on the go. In 2020, the mobile gaming industry accounts for around fifty percent of the entire iGaming market and this proves the vitality of portable devices and mobile gaming apps for the online gambling industry. Speaking of mobile gambling activities, almost sixty percent of European players place real money wagers using their mobile devices and the mobile gambling trend is also dominant in key iGaming markets in Asia, Africa, and North America.

Another amazing technological advancement that has completely changed the online gambling industry is the live streaming technology that is the most important aspect of live gambling. Thanks to advanced streaming technologies, players get to enjoy impeccable gambling sessions that truly resemble gambling at brick-and-mortar casinos without stepping outside of their homes. Speaking of amazing technological advancements that revolutionized the way players engage in gambling activities, we also have to mention blockchain technology and cryptocurrencies.

Cryptocurrencies are considered the safest, the most secure method of depositing and withdrawing from iGaming venues. Then, there are Virtual and Augmented Reality technologies that enable iGaming venues to offer their players a truly innovative, unique iGaming experience that is not possible without using these technologies. The global online gambling market has grown tremendously in the past several years and all things considered, it will continue to develop at a rapid pace.



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