Gambling has been around since the beginning of times, and wagering on the outcome of games started long before the establishment of “Il Ridotto” — the first betting house. According to the World Gambling Statistics, the industry is a globally huge market considering that around 26% of the earth’s population gambles. This generally means that over 1.6 billion people wager worldwide.
Its ever-growing popularity has fueled its evolution, as the rise of technology and innovations have constantly shaped and improved the services that casino houses offer. Today, many casino websites, such as casino.fanduel.com, now utilize modern technology to improve the gaming experience for players and make gambling more pleasurable.
Despite these recent groundbreaking heights, it’s a fact that gambling had a humble beginning. The industry has struggled with many regulatory, legal, and social issues dating back from its invention to what we have now. This article will discuss the history of gambling, from the days of ancient roulette to the varieties of online slot games available today.
A Brief History Of Gambling
While a bit of the invention is blurred and uncertain as the act is as old as man, the earliest and first recognized forms of gambling originated in ancient China. Asia supported this act as far back as 2300 BC, with several wagering houses scattered over China. There is the use of playing cards in the 9th century AD in China and the discovery of tile games of chance.
Also, there is the Greeks’ illegal gambling with dice, which was the earliest form of betting in Europe. Europe’s relationship with dice games is traced back to 500 BC when the eccentric game that the Greeks had come to love was banned by its government. Of course, they soon found a way around this ban by using chips to avoid wagering with real money — which had been against the law. This newly found way survived centuries and was popularly used to play table games such as Baccarat and Poker.
Accompanying these years of the establishment came a natural order to the gambling tradition. Many countries now legalize the act of betting with regulatory bodies governing players and the houses. It’s safe to say that gambling has survived several years, with stages of banning and re-tweaked games to become one of the most globally enjoyable and accessible pastimes.
The Rise Of Gambling Houses
While the history of gambling can be traced back to medieval Chinese times, The Ridotto, the first globally known casino, was established in Venice, Italy, in 1638. This gambling house was also a semi-opera that was open to the high and rich members of the society.
In contrast to the easy access of casinos in today’s world, there were standards set for players in Il Ridotto. However, this betting parlor did not stand for long as it was ordered to close in 1774 courtesy of reformer Giorgio Pisani to preserve the Venetians’ ethic.
However, despite the preaching of the Pisani against this act, many people still gambled illegally. The industry grew and spread to more regions worldwide, including Las Vegas. El Ranchos Vegas — the first wagering platform in Las Vegas was built in 1941, with many more following its footsteps.
Now, besides the legalization and the founding of many betting platforms, technology has skyrocketed players’ access to online sites, creating a better gaming experience for every player.
How Online Casinos Started
The exploits in science and technology influenced several industries, and the gambling industry was no exception. The industry began the exploration of online betting in the mid-1990s, and it started with InterCasino — the first casino site, Planet Poker, and Paradise Poker later followed in the decade. Since then, virtual betting has become a popular part of the industry.
Several countries — like the US Department of Justice began to pass online gambling laws in 2011, promoting its legality and making it more popular. Initially, online betting bordered on cyber criminality, and many players found it difficult to trust the new method. However, the acknowledgement from governments gave it a new outlook, and internet betting platforms now rise by hundreds every year.
The Recent Transition To Mobile Casino
As the world got friendlier with online gambling, so was it with mobile betting. Adobe Java or Flash programmed the earliest mobile apps, but this has changed. The advent of smartphones and app stores, mostly in 2007/2008, also saw the start of mobile betting apps.
Tech innovations led to massive improvements as there are now apps for several phone models. There are iOS-compatible apps, and it’s the same for Android phones, Windows, and Mac iOS. These make mobile betting easier, faster, and friendlier, with a better experience — thanks to live dealers.
Present Trends In The Gambling & Casino Industry
There are several trends shaping the industry now. These innovations are becoming more prominent — from using Blockchain technology for more secure payment to using VR to improve customer experience, and the continuous addition of different games, there is a lot to unpack.
Here are some notable trends:
1. Virtual Reality
Virtual reality has already been deployed for video gaming, and the feedback has been largely positive. VR integrates real-life situations into games and makes it feel like the player is living the scenarios of the games in real life. This means you’ll run and feel every emotion that comes with it through an immersive gaming experience.
The move to virtual reality is a game-changer for online and mobile casino gaming. The players’ experience in VR is far more realistic than before. This has improved the casino experience and made the games even more exciting.
2. Varieties Of Payment Method
Gone are the days when you’d need to pay for your gaming sessions with cash, wire transfer, or check. Now, you can pay with e-wallets like PayPal or Skrill. You can even use both debit and credit cards.
Also, many casino houses now accept payment through Blockchain technology, which is considered very safe and secure. Paying through cryptocurrency is a way to deposit and withdraw without leaving information about yourself. With so many means of paying, you’d only choose the one that’s best for you.
3. Availability Of Several Games
There are more games than you’d find in the previous decades. Some of the games you know have varieties now, which is why they are unique. Some popular games you can access at modern gaming portals include poker, progressive jackpot, keno, craps, and slots, to mention a few.
Sincerely, only a few things can match the experience of laying on your couch and playing these games in real-time on your preferred betting website. Ultimately, more games mean more players and higher engagements, and that’s good news for everyone involved.
The casino industry has undergone several evolution phases before arriving at its current destination. The changes have been so noticeable that the initial ways of doing things have been practically overhauled and replaced with better and more inventive ways.
There are now online and mobile websites primarily powered by the internet. The good news is that this evolution doesn’t look to stop anytime soon. With the arrival of Web3, it is expected that the evolution that will follow this money-spinning industry might make it look unrecognizable in the next two decades.