🌟 Early Beginnings of Online Casinos (1994 – 2000)
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🎰 1994: The Birth of Online Gambling
Event The first online casino, “InterCasino,” was launched. Significance Marked the beginning of real money gambling over the internet. -
🖥️ 1996: Introduction of Licensing
Event The Kahnawake Gaming Commission was established. Significance Provided a regulatory framework for online casinos.
⚖️ Regulation and Growth (2001 – 2010)
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📜 2006: The Unlawful Internet Gambling Enforcement Act
Event The U.S. Congress passed this act to restrict online gambling. Significance Many U.S. online casinos faced shutdowns or relocations. -
🌍 2010: Legalization in Countries
Event Countries like the UK began to regulate and tax online gambling. Significance Improved consumer protection and expanded market opportunities.
🚀 The Rise of NJ Online Casinos (2011 – Present)
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🎉 2013: New Jersey Legalizes Online Gambling
Event New Jersey becomes the third state to legalize online casinos. Significance Boosted state revenue and set a benchmark for other states. -
📈 2021: Growth of Market
Event New Jersey online gambling revenue surpassed $1 billion. Significance Highlighted the success of regulated online gambling in the U.S.
🔮 Future Prospects
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📅 2023 and Beyond: Expanding Trends
Event Potential introduction of cryptocurrency-based casinos. Significance Could revolutionize the way transactions are processed online.
