02nd May2017

Gambling: Past, Present, Future

by James Smith

Long before it has become a multi-billion dollar business, gambling was a form of entertainment, and it has retained part of this to this day. Long before it has taken on an organized form, gambling was present in humanity’s everyday life – people have been placing friendly bets and have played differed games for different stakes in a vast variety of locations, from pubs and arenas to the trenches of any and all armed conflict in history, culminating in the games going online and being gathered in places like All Jackpots casino. Gambling is undergoing a constant evolution – its current form is the result of centuries of development that hasn’t stopped to this day. Let’s take a look back into the past followed by a brief look into the future to see where gambling has come from and where it is headed today.

The Past

gambling-for-money

Gambling has been part of humanity’s life since before written history. The first documented form of organized gambling comes from ancient China – “drawing of wood”, mentioned in the Chinese “Book of Songs” was an early form of lottery. Tiles used to play the game were found to have been used as early as over 4,000 years ago. Dice have been used by the Romans and Greeks as early as 500 BC, as documented by Greek poet Sophocles in his recount of the siege of Troy, even though dice are far older – they were used in the ancient Egypt as early as 3,000 BC, as shown by evidence found inside an unearthed tomb.

While most games played in casinos – even online at the All Jackpots – are also very old, they are far more recent than dice and playing cards. Baccarat, a popular game at the All Slots – or rather its predecessor – was first mentioned in the early 15th century, when it migrated from Italy to France. Blackjack, another popular casino game, is based on a Spanish game called “ventiuna” (21) that was played as early as the 17th century, as documented by famous author Miguel de Cervantes in one of his short stories, and Roulette, the iconic game found in all casinos around the world, was introduced at the end of the 18th. Slot machines, the most popular casino games ever to be invented, were born in 1891, built by a Bavarian mechanic called Charles Fey in San Francisco.

The Present

The gambling business has gone through its great schism in 1994 when an ingenious company called Microgaming – the software developer behind the above-mentioned All Jackpots – introduced the first online casino. Within half a decade, internet gambling has expanded to be worth over $1 billion (over $1.6 billion in today’s money) and continued to grow ever since. In 2015, the global online gambling business generated revenues worth over $35 billion, and estimates speak of further growth of at least 20% by the year 2020.

Today, anyone with a smartphone – living in the right country, of course – can visit an online casino and play any game that would otherwise only be found in a land-based venue. Players can choose between computer-controlled games and live dealer ones that make use of video streaming to strengthen the illusion of actually being at a gambling house without leaving the comfort of one’s home.

The future

virtual-casino-games

Gambling keeps evolving as we speak, making use of the new technologies that emerge. It has gone mobile in 2012, following its expansion to smartwatches in 2015. Last year, the same Microgaming that has started the online casino revolution has presented its innovative virtual reality casino product, using an Oculus dev kit and a Motion Leap controller. Online gambling is ready to take the next evolutionary step – it’s just a question of “when”.
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