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Great things come from small beginnings
Although we can’t ascertain as to when exactly online gambling, much less online sports betting began, but it is generally believed to have been born in the early 1990s. Most of us may think that the US, UK or Canada may have been the first nation to jumpstart the online gambling scene. It was around 1994 when the island nation of Antigua and Barbuda passed its Free Trade and Processing Act. The terms of this act have provisions of granting licenses to companies who want to provide gambling services on the internet. From then on, several more progressive countries followed suit and the online gambling industry grew at an amazing pace, becoming the multibillion-dollar industry that we are seeing now.
Although we can’t ascertain as to when exactly online gambling, much less online sports betting began, but it is generally believed to have been born in the early 1990s. Most of us may think that the US, UK or Canada may have been the first nation to jumpstart the online gambling scene. It was around 1994 when the island nation of Antigua and Barbuda passed its Free Trade and Processing Act. The terms of this act have provisions of granting licenses to companies who want to provide gambling services on the internet. From then on, several more progressive countries followed suit and the online gambling industry grew at an amazing pace, becoming the multibillion-dollar industry that we are seeing now.
How did online sports betting start?
Online sports betting started just a few years after the emergence of the early online casino. In 1996, Interops became the first online sports betting site, and others soon followed. Online sports betting became an exciting and popular form of gambling during its early years. People were thrilled with the prospect of placing wagers on sporting events over the internet. Thus, gamblers and sports lovers who love the prospect of making money from their love and knowledge of sports saw online sports betting as a great development, and the online sports betting scene took off in a big way. Several new companies realized the potential of this industry and entered the market. Existing casinos who ventured into online gambling added online sports betting as a lucrative add-on to their lineup of games.
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| (credits: Unsplash) |
What’s the online sports betting scene now?
Online sports betting has flourished significantly since its inception two decades ago. Now, this online game is more competitive than ever. Different sites are offering attractive bonuses and free bets to new players as a way of expanding their market and customer base.
In the US
This has a stringent set of regulations when it comes to online sports betting. Under the Professional and Amateur Sports Protection Act of 1992 (PASPA), it is illegal for states to authorize legal sports betting, making sports betting illegal, except for Nevada, Montana, Oregon and Delaware, which have pre-existing sports lotteries and sports betting frameworks. Thanks to New Jersey’s challenge on the legality of PASPA in 2017, their case was heard by the Supreme Court in late 1997. By May of 2018, the Solicitor General of the US issued a decision reversing the ban of PASPA. This decision led to the opening of new states offering legal sports betting and improving the prospects of sports betting.
Online sports betting has flourished significantly since its inception two decades ago. Now, this online game is more competitive than ever. Different sites are offering attractive bonuses and free bets to new players as a way of expanding their market and customer base.
In the US
This has a stringent set of regulations when it comes to online sports betting. Under the Professional and Amateur Sports Protection Act of 1992 (PASPA), it is illegal for states to authorize legal sports betting, making sports betting illegal, except for Nevada, Montana, Oregon and Delaware, which have pre-existing sports lotteries and sports betting frameworks. Thanks to New Jersey’s challenge on the legality of PASPA in 2017, their case was heard by the Supreme Court in late 1997. By May of 2018, the Solicitor General of the US issued a decision reversing the ban of PASPA. This decision led to the opening of new states offering legal sports betting and improving the prospects of sports betting.
In Southeast Asia
Southeast Asia has a flourishing economy and gambling scene despite varying provisions and regulations of the states comprising the region. In Southeast Asia, one of the premiere online gambling sites that offer sports betting is the judi online betting platform. Players from Indonesia and across the Southeast Asian region will soon learn to discover this wonderful site as a great online hang for great winnings by betting on popular sports such as football, basketball and e-sports. Just like other international online casino sites, the judi online sports betting by Master88 has attractive and generous bonus offerings for first-time players and progressive jackpots for regular players.
Online sports betting, like any kind of business, started out humbly. It gained momentum as gamblers and sports enthusiasts were both excited by this new avenue of betting on the outcome of the popular sports. Countries around the world have gradually embraced this new activity, with the US recently softening its stance on sports betting. The yearly developments in online sports betting are getting better and more promising. Gamblers around the world are excited of what’s in store for them.
