The online slots industry was born in 1994 when the world’s first online casino opened up. Over the next couple of years, several nations legalized online gambling and in 1996, there were 15 gambling websites on the internet.
This was also the year that the Kahnawake Gaming Commission was formed to regulate the operations of the increasing number of online slots that were entering the online casino market. This move came in good time because by 1997, the number of gambling websites had risen exponentially to a whopping 200.
According to Wikipedia, back in 1998, the revenue generated by online slots and other gambling games had already exceeded $830 million. That year also saw the introduction of online poker rooms and multi-player gambling options. Ever since then, online casinos in the USA have only grown in terms of user base and revenue, and as quoted by Statista, the online gambling industry is estimated to be worth $59.79 billion by 2020.
Online gambling is not just a hobby and a passion but also a viable source of income for many, which has lead to the increasing popularity of websites where users can play slots online. [pullquote]The fan base of online casinos in the USA is rapidly expanding because most gambling websites also offer free casino slots to the users.[/pullquote] The steady growth of online slots has also given birth to a community of online gambling experts that publish online casino reviews which help the newbies to select secure and efficient websites for gambling.
Online casinos are technology’s take on the traditional brick and mortar establishments and the best thing about these online slots is that gambling enthusiasts can enjoy the games anytime, anywhere, even from the comfort of their homes. In 2017, an average of 1000-2000 players visit the online casinos on a daily basis, and with the laws regarding online gambling becoming more accommodating in some countries, this number is bound to rise in the coming years.
Online slots continue to be one of the most popular games offered by online casinos, and the other widely loved games include bingo, roulette, and poker. Approximately 46% of Americans currently play games on their smartphones, which is why most online slots websites these days are also mobile-friendly.
With such a long and fascinating history and an equally promising future ahead, the online slots industry is predicted to reach new pinnacles of success in the coming years. This is good news for the passionate followers of online slots around the globe who have earned significant sums of money over the years from online gambling. It is extremely interesting how the internet revamped a traditional industry and gave it a user-friendly transformation. What will be even more interesting to see is how the online casino market further evolves with technology in the decades ahead.
If you are interested in more entertainment-related stories and information from us here at Bit Rebels there is a lot to choose from.
We’ve seen a rise in social gaming sites over the years. These sites, which are…
The vaping industry continues to evolve, with product designs becoming more sophisticated and user-centric. Modern…
As digital landscapes evolve, more marketers, content creators, and businesses are asking, what is AI…
Today, small businesses have an incredible opportunity to grow beyond traditional means and reach new…
Online competitive games have long been a cultural phenomenon, drawing millions worldwide. From strategic block…
In a world where companies constantly strive to tap into new markets, they also face…
