Casinos, whether in-land or online, have become a favourite pastime for almost three decades now. They offer an avenue for people to feel the thrill of gambling combined with the prestige of being in a casino.
If you’re curious about what makes online casinos thrive in the modern age, you first have to know how it started and why it keeps on growing as an industry.
The first-ever recorded mention of online casinos began in 1994, after Antigua and Barbuda passed the Free Trade and Processing Act into law, allowing online casinos to be legally licensed. Licenses from other countries followed soon after.
It was a great step forward from the brick and mortar casinos introduced as early as the 17th century. Those casinos have been around for a few good centuries before the advancements known today were introduced. Single payline slot machines, card and table games as well as dice games have all served as a foundation for the game variations popularized today.
Of course, even online casinos have to be created somewhere by somebody. In 1994, the Microgaming Company made the first online casino software. In 1996, the first-ever online casino named InterCasino was founded. Around the same time, NetEnt emerges with newer products to bring to the table.
Being pioneers clearly had its perks considering that Microgaming and NetEnt are still two of the most renowned names in the online casino industry.
Advantages and Disadvantages of Online Casinos
When paralleled against land casinos, online casinos have redeeming qualities as well as downsides. If the pros and cons are summarized into three categories, it would be convenience, payouts and variety.
Convenience banks more on the advantages of online casinos compared to land casinos. Besides the fact that you’ll only need internet and a device to play on, the payments, withdrawals and choosing what to play can all be done with a few clicks.
You won’t need to travel, dress up, or even interact with anyone if you don’t want to when playing online. The only upside to playing at a land casino is that the cashouts are almost instant while it would take at least several days to cash out online.
Payouts still lean more on the field of online casinos. With a bigger audience and pool for-profit, online casinos can offer bigger payouts compared to land casinos that offer progressive, but elusive, jackpots.
You can also better control your wagers and time when playing online, because you can study its rules, RTPs and payouts as well as play for fun before actually playing a certain game with real money.
Variety still favours online casinos. In online casinos like Bitcasino, there are lots of games you can choose from whether it’s card games, slots, table games or anything under the sun.
Even though the advantages of playing in online casinos clearly outweigh the cons, there are still some points that need to be considered. For instance, although online casinos can offer you a lot of different bonuses, those perks come with bet requirements and a fine print.
Another point to be considered are restrictions for online casinos, whether those are for your chosen currency, country, or even your age. In land casinos, age and dress codes are the only factors usually considered.
Digital Gaming in the Modern Age
You’ll find that most online casino players are from Generation X or Baby Boomers, because they have grown alongside the rise of land-based casinos. However, there are other people that have grown fond of online gaming, especially with the boom of mobile gaming.
In fact, these innovations in mobile and online gaming are inspiring the youth to pursue careers in art, science, as well as IT, specifically coding and game development. Gaming does not only improve cognitive skills, but it also trains the hand-eye coordination along with strategizing.
One of the best advantages of playing in online casinos is its continuous development and adaptation to the current world. For instance, most online casinos have adopted the use of cryptocurrencies as a form of payment. With that, players can make sure their money is secure and untraceable compared to money released by the state.
Another improvement includes the use of better visuals and imagery. Such as the use of AR/VR Gaming to make the games more immersive. NetEnt paved the way with their 2017 launch of Gonzo’s Quest VR. Although it’s still in process, their game is a pioneer for the use of virtual reality in online casino games.
Table games have also adopted a more realistic and conscious approach in the form of Live Dealer games. You can talk to actual hosts or dealers through a live chat as they perform the duties usually done by a computer.
Online Casinos in Contemporary Times
The modern age is a train riding fast into the future and it has no plans of stopping. Especially with the tools and knowledge available today, it will be complacent to even think that what the world has now is in its final form.
It took centuries to move from land-based to online casinos, and it will take less than that before another change takes place. No one can predict what will happen in 20 years’ time, but you can certainly hope for the best!
All that you can be sure of now is that this isn’t the end for online casinos. Someday, somewhere, someone will find a hole in the online casino system and dig deeper until they find a solution that leads to another mind-blowing innovation in this modern age!