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Introduction The world of gambling has come a long way from the traditional brick-and-mortar casinos to the modern online casinos. Online casinos have been around for over two decades, and their popularity has been on the rise, especially in the past few years. With the advent of the internet and the proliferation of mobile devices, online casinos have become more accessible to players than ever before. This study aims to provide a comprehensive overview of the online casino industry, including its history, current state, and future prospects.

History of Online Casinos The first online casino was launched in 1994 by Microgaming, a software developer based in the Isle of Man. The casino, called Gaming Club, was launched with just 18 games and was only available to players who had downloaded the software. In 1996, the first online sportsbook was launched, and the following year, the first online poker room was introduced. The industry experienced significant growth in the early 2000s, with the introduction of new games and the development of more advanced software.

Current State of the Online Casino Industry Chronicle News Today, the online casino industry is a multi-billion dollar industry, with millions of players from around the world. According to a report by Technavio, the global online gambling market is expected to grow at a CAGR of 10.6% between 2020 and 2024. The report also states that the increasing popularity of mobile devices is one of the key factors driving the growth of the online casino industry.