Online gambling is a new form of entertainment, available around the world. It includes casino games, virtual poker, sports betting, and more. The first official online gambling venue was the Liechtenstein International Lottery, which was created in 1995. In the United States, it is commonly referred to as “sponsorship” gambling, because the government is largely involved. In Europe, it is more common to find sports betting and virtual poker.
In the United States, internet gambling is legal in many states. Most countries in the European Union and the Caribbean have passed laws permitting the activity. However, there are still several limitations when it comes to online gambling. For example, in the US, the Internet Gaming Prohibition Act was introduced in 1999. This bill would have made online gambling illegal for U.S. citizens. The World Wide Web was the first to be widely accessible, making online gambling a viable option for people from many nations.
The growth of online gambling began in the late 1990s. By 1998, there were fifteen Internet gambling websites and 200 websites. The Frost & Sullivan company reported that online gambling revenues were more than $830 million in 1998. The first online poker rooms were launched in the same year. The Internet Gambling Prohibition Act was introduced in the US Senate in 1999, which would have prohibited U.S. citizens from playing on the Internet. The Internet Gambling Prohibition Act of 1999, or IGPA, was passed and banned online gambling.