Thursday, September 24, 2009

Internet Gambling-Brief History

In United States, gambling was completely banned until 1890s. but in 1920’s public sentiment brought it back. When the stock exchange was completely crashed in 1929, people believed that a regulated gambling industry would stabilize the economy and thus it led to the development of whole city for gambling in Nevada known to most of us as Las Vegas. With the arrival of software and multiple gaming options, gambling took over the internet too. The online gambling industry revenues in 1997 were $1 billion, with $600 million from the U.S. alone.