Online gambling started as early as
1994 when Micro gaming appeared in this area with another partner, Cryptologic
with the task of executing secured transactions for the online players. As the years
passed by, online gambling games web sites have increased manifold. In the year
1996, there were only 15 sites dealing with online gambling games but in the
very next year, its number reached 200 and now in many thousands. On reports of
dubious activities by some of these companies, countries began to think
seriously to step in and establish a regulatory body to monitor their
activities. In 1994, Antigua and Barbuda became the first country to recognize online
gambling games and declared it legal. Following years, many countries also
declared it legal viz. Canada, USA, etc. however in some states of USA, it is
recognized as illegal. In many of the countries, online gambling games are
still an illegal activity. The enormity of games can be gauged from this fact
that in the year 2017, its market was of $ 45.8 billion and it’s expected to
swell by $US 87.75 billion by 2024.
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