The iGaming industry, which includes online casino games, sports betting, lotteries, bingo, and more is on track to becoming valued at $100 billion by the end of the decade. This will be an increase of more than 100% on 2017 levels.
The industry is still relatively young though, having only started out in the mid-1990s. Before that, humans had placed bets on sports and wagered on games in casinos, at racetracks and in betting shops. While this was convenient for some, it meant many others couldn’t access these popular forms of entertainment.
This all changed in 1994 when Antigua and Barbuda passed the Free Trade and Processing Zone Act. This made it possible for iGaming companies to operate in the country and serve customers in other jurisdictions.
It took around a year for the first sites to launch, but by the end of 1995, there were hundreds in operation.
A Computer in Every Home
At the same time, Microsoft launched Windows 95, helping to realise Bill Gates’ dream of “a computer in every home”. AOL was also rolling out its aggressive marketing campaign both in the US and UK.
This meant huge numbers of people were getting access to the internet at the same time as online casinos were opening.Read More