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The Changing Wave Of Online Gambling Over The Last Two Decades

Previously, people used to visit far-located gambling venues to meet their betting desires. Then, there comes a turning point in 1994 when a company called Microgaming started developing online gambling software to save gambler’s time and money of visiting land-based venues. This company launched its first web-based gambling platform, and after that many other companies made many similar launches with new additional features and functions. Planet Poker was the only virtual game in 1998s that has made a huge impact on the online gambling market. Since that time, many innovations have taken place and what we all are observing today is completely changed the face of online gambling.

Let’s find out how web-based gambling industry has evolved over the last 2 decades.

Technology

Ever-improving technology has revolutionized the world of online gambling. The innovative technological advancement has allowed bookmakers, operators, and gaming software developers to offer more enhanced betting and gaming options. Today, you can place a wager on different betting options from your desktop computer even using your fingertips. The renowned operators have introduced mobile version and mobile apps for Android and iOS device users.

Legalization

Online gambling is such field that has undergone several ups and downs since its launch in the world. Despite the increasing popularity among Indian people, it is prohibited in many aspects. The picture of Indian gambling legalization is still unclear. Several acts and statements have been made regarding its prohibition and legalization, but it has not received a green flag in all the regions of the country.

The Public Gaming Act of 1867 gives no reference in regard to online gambling rules in India. However, some people argued that operating and running a gambling website in India is illegal under this act, but it is not 100% true. The Information Technology Act of 2000 is another act that gives the Indian government the right to block foreign websites. But, there is no clear mention that shows the illegal nature of online gambling. However, people in India are allowed to gamble at sites that are operated overseas and accept Indian players. Overall, the legal status of online gambling is unclear in India.

New Products

The leading software developers and suppliers offer a new range of different types of games. Today, you can indulge yourself in myriads of gaming varieties such as 3D slots, video slots, video pokers, theme-based slots, table games, live roulette, live blackjack, live baccarat, card games, and more. Live dealer games offer the most realistic experience outside the brick and mortar gambling venues.

Payment Process

Payment processing for gambling activities was not that easy previously as it is today. Many companies are providing various banking options such as e-wallets, prepaid cards, credit/debit cards, and etc to make payment easy for their customers. In 2009, a new financial innovation taken place named Bitcoin. In current days, you can use numbers of cryptocurrencies by finding a reliable site that accepts them for online financial transactions.

The competition is tough. So, every site is trying to launch more innovative features. Keep exploring the online gambling market to find what the next.