An online casino is a site where players can place a bet using a stake and win real money as well. It is a type of iGaming which is very popular these days its market size of the online gambling industry in 2020 reached $ 66.7 billion in is anticipated to skyrocket to $92.9 billion by 2023 based on Statista report. convenience is the number one basis because players can wager anytime they want and at any given time using their modern device. Top casino sites especially online casinos in Canada can be viewed on this site.
When did Online Casino start?
The online casino started during a major event back in 1994 during the implementation of the Free Trade and Processing Act by the government of Antigua and Barbuda giving them the authority they grant licenses to entrepreneurs who wanted to start their own casino business. In that year as well the Microgaming software company from the Isle of Man introduced the very first online casino.
In the year 1995 InterCasino was launched by Cryptologic. Cryptologic specializes in real money transactions over the internet and Intercasino is the pioneer to offer virtual players to bet real cash.
At present online casinos offer a wide variety of payment options depending on the location and their availability.
What makes the online casino popular
The players have many reasons why they like wagering online. For obvious reasons, All major casino sites are compatible with the following gadgets:
· Personal computer
· Laptops
· Android Phones
· iPhones
· Tablets
· Smartwatch
The casino site in general also updates regularly and is compatible with 5G gadgets. Some players do not constantly update their gadgets or the operating system has an upgrade limit which means it is a bit challenging on their part especially if they can no longer open a particular game they wanted to play. The online casino is compatible with other interfaces such as Cloud gaming. Through the cloud, the player can still get access to other casino games without updating their mobile device.
These are the other reasons for its popularity:
1. Wide range of Games
The players have a choice on how to play and enjoy the casino game. All gaming software has 3000 ways of playing the casino game. Virtual casino players are of different ages some players wanted the contemporary casino ambiance while other players prefer an avatar or a bit interactive type of casino game. Some online casinos also offer more than one gaming software for a more ecstatic online wagering experience for the player.
2. Diverse Bonuses
Entertainment is the core for the player to make a deposit. However, benefits are also very much welcome especially if it gives an opportunity to the player to win.
The online casino offers higher cashback percentages and odds and has a lot of bonuses compared to the brick-and-mortar casino. They offer a loyalty bonus to their returnee players (players who make another deposit) and an opportunity to play any games offered by the casino site for free.
Some casino sites also offer tournaments and coupons and other perks to their existing players.
3. Payment Options
This used to be an issue in the early 2000 after Microgaming the same software company introduced mobile casinos ten (10) years after they introduced online casinos. Now, during those times the issue of malware, spamming and cyber theft was serious which made people become hesitant to wager online since they need to use their credit and/or debit card.
The virtual casino now has diverse banking scheme depending on what the player prefers.
The following are the list of payment scheme online casinos offer:
· Debit/credit card
· Digital Wallet (Paypal, Neteller)
· Open banking method (Trustly, Zimpler, Brite)
· Cryptocurrency like Bitcoin and other Altcoins
Final Insight:
The innovation of the online casino by fusing both timeless worlds which is the casino and technology paved the way for this industry to thrive in the virtual business. The future of virtual casinos seemed to be brilliant through technology hence it will continue to evolve.
