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The Internet has popularized a new form of gambling called cyber gambling or online gambling. The UK Gambling Commission stated in 2007 that the cyber gaming industry has generated more than 84 billion in revenue.

The major reason for cyber gaming popularity is that there are so many forms of online gaming available: poker, bingo, sports betting, lottery games, keno, and scratchcards. The Internet gaming industry not only has something for almost every gambler under the sun, but also gives gamblers the chance to win big jackpots, cash bonuses, and prizes from the comforts of home.

Brief History of Online Gambling

It all began in 1994 when the Free Trade and Processing Act was passed in Antigua and Barbuda, enabling the jurisdiction to grant licenses to operators eager to start online casinos. The same year, the first online casino was launched on an online casino gaming platform released by Microgaming, a giant casino gaming software provider based in the Isle of Man.

The Kahnawake Gaming Commission, which was established two years later, licensed a number of top online casinos in the world. Within the next few years, Internet gambling had become very popular. While there were only 15 online gambling sites in 1996, as many as 200 online gambling sites were launched the very next year.

According to statistics released by Frost and Sullivan, the fledgling online casino industry had raked in more than $830 million in revenues in 1998, the year in which the world’s first online poker sites were established. In 1999, online gambling sites introduced a brand new feature enabling players to not only play, but also interact with their fellow players.

By the year 2001, more than 8 million people from all over the world were wagering real money at online casino and poker sites. In spite of this, not all governments and countries approve of online gambling. In 2000, the federal government of Australia passed a law making all unlicensed casinos, which had been in operation in Australia before May 2000, illegal. Although three US states have legalized various forms of cyber gaming, the US federal government is yet to legalize the same.

In spite of governments unfriendly to online gambling, the industry has grown tremendously, indicating that no law on earth can stop people from betting on their favorite games of chance or skill online.

Features of Online Gambling Sites

Online gambling sites are different from traditional land-based casinos. In case of cyber gaming sites, gamblers need not waste any time or money in travelling; they can play their favorite games and win large jackpots from the comforts of home. Players often wonder it is safe to deposit real money at online gaming sites. Since online gaming sites use the latest SSL encryption technology, all financial transactions and player details are safe and secure. It wouldn’t be an understatement to say that online gambling sites are as safe as banks. Online gambling sites also give way a number of bonuses, run exciting promotions, and allow players to play for free.

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