Pg Slot: What Is Online Gambling?
Before getting to know about some of the most popular sites of online gambling like pg slot, it is important to know about online gambling and its history. Knowing the history and beginning of online gambling can help a lot in understanding the popularity of sites like PG Slot.
When online gambling did come into being?
The roots of online gambling go way back to 1994. In 1994, some of the very first online casinos were introduced in some parts of the world. These online casinos were allowed first allowed by the community of Antigua and Barbuda Islands. These islands agreed to give online betting licenses to some online casinos.
Online betting licenses were granted to these websites under the Free Trade & Processing Act. However, not all online casinos were given this license. Only some online casinos which they thought were genuine and fair were provided with an online gambling license.
Now we have come a very long way from the first online casino in 1994 to hundreds of gambling sites like pg slot today.
But if we go back before the licensing and legalization of these websites, it all comes down to software development. Before everything, gaming software was developed for online gambling websites.
Then, this gaming software was secured with another security software developed by a firm called Cryptologic. Due to the security software, all the transactions of money done on online gambling websites were secured and safe.
After developing a very functional online gambling website, the first ever online casino was brought to people in 1994. Two years later, in 1996 the number of online casinos saw huge growth.
Slowly, online gambling websites started developing in all regions of the world. All these new online casinos wanted a legal betting license for their website. Thus, the demand for an online betting license also increased.
Thus, a lot of licenses were issued by a gaming commission called the Kahnawake Gaming Commission. This gaming commission issued licenses to a lot of online gambling websites across the world.
At the end of the 20th century, online gambling had a large following. More and more people were getting attracted to new online gambling games like lotteries and slot games.
According to data, there were only 15 online gambling websites in 1996. This number rapidly increased to 200 in the year 1997. Thus, the demand and popularity of online casino games were increasing each passing day.
Slowly, online gambling sites became so popular that a total of 830 million dollars was generated by all the online gambling websites in 1998. After that, the number only increased.
By 2001, almost 8 million people played online casino games. In 2008, all the online gambling websites generated a revenue of 21 billion dollars together. In 2016, the amount increased even further to 45.86 billion dollars. In 2018, it increased even more to 56.05 billion dollars.
Thus, sites like pg slot have a large amount of following even today. Even our youngest generation is a fan of online betting and gambling. Hence, there is no doubt in the fact that the popularity of online gambling will keep increasing more and more.