The Evolution of Gambling in the Last Ten Years

The gambling industry has undergone many transformations over the past decades. Its gross revenue rose from increased from €17 billion in 2009 to €45 billion in 2018, according to H2 Gambling Capital. Gambling started as card and dice games in 100 A.D. Now, pundits can play online games at Betway. Here is an insight into the evolution of gambling in the last ten years.

Gambling Law

Most countries lacked clear legislation that controlled gambling in the 1990s. But, some nations found it necessary to start regulating the industry in the early 2000s. For instance, the U.S. passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006. It prohibits all forms of gambling in some states. After a while, the federal government started experiencing a decline in its budget revenue and it decided to regulate gambling rather than prohibit it. Delaware, New Jersey, Nevada, and Pennsylvania are some of the states that allow online gambling. Member countries of the European Union have been keen on regulating gambling over the past decade. For example, the United Kingdom passed the gambling law. France and Denmark also have clear gambling regulations.

Graphics

Game developers use the latest High definition graphics technology to build exciting and engaging video games. Three-dimensional technology became popular in gambling in 2010. Some casino games had surround sound and a 3D graphics presentation. Better graphics have enabled betting applications such as South Africa's top gaming app Betway to widen their clientele. Software developers have shifted from using Flash to HTML5. They use vector graphics like Scalable Vector Graphics and SVG to create sophisticated games. HTML5 automatically adjusts the game interface to fit in the screen resolution of any gaming device. Also, most web browsers can run HTML5 games.

Mobile Gambling

The United Kingdom was one of the first countries that embraced mobile sports betting in the early 2000s. The 3G connection helped punters access The Betting Site in 2003 and it allowed them to wager at five bookmakers. The introduction of smartphones has transformed online gambling. Statistics show that many iPhone owners downloaded Texas Hold'em in 2008. Bookmakers and casinos started creating mobile versions and apps of their websites in 2010. A report by the UK Gambling Commission shows that 51 percent of online punters engaged in mobile gambling in 2017.

Payment Options

Most bookies provide a wide variety of payment methods to pundits. They include ATM, debit and credit cards, cash and mobile payment. The companies have integrated these options in their payment systems to enable gamblers make fast deposits and withdrawals.

Virtual Reality and Live Casinos

The number of live casinos has drastically increased since 2010. Live dealers offer different casino games including blackjack, baccarat, roulette and online poker. Bookies use virtual reality to create live games and fantasy sports. You can buy VR headsets to have an enjoyable gaming experience. Research shows that ancient communities gambled in 2300 BC. Scientists found ivory dice in Egypt that the Bronze Age Greek soldiers gambled in 1500 BC. Besides, the Romans have many documents that narrate about the fights and gambling debts that existed between emperors and peasants. The number of online casinos worldwide has soared in the past decade. Betway allows gamers to play online slots, blackjack and fantasy sports.