Although one might think that online gambling is a recent trend, it actually dates back to the very beginning of the Internet in the early nineties. The first online payment tool, CryptoLogic, started way back in 1995 when Internet Casinos started accepting online payments. Not a full year had passed, and the world saw the first online sportsbook – Intertops. In 1997, there were already 200 casinos online and in 1998 poker fans got their first online platform in the form of Planet Poker.
Although online betting and gambling saw an astronomical rise in the late nineties and the beginning of the 21st century, the American public will be cut off from the online casino world with the passing of the Unlawful Internet Gambling Act in 2006. However, recent years have seen the effort to liberalize the market in the US.
Currently, the largest market in the world is the European market, especially the UK. Approximately 65% of UK residents enjoy gambling, and the market is so big it accounts for 10% of total European gambling and betting revenue. Although it has fewer gamblers, it still amounts to a bigger number in revenues per capita when compared to the US. Nevertheless, since the abolition of PASPA, the US might be just years away from becoming the biggest online betting market in the world.