1994-2000: The Birth of Online Casinos 🎰
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Year Event 1994 The Caribbean authorities issue the first license for an online casino. 1996 The first online casino, InterCasino, opens its virtual doors. 1998 Online gambling sites start accepting various payment methods. 2000 Online poker gains immense popularity, introducing new revenue streams.
2001-2005: Expanding Legislation 📜
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Year Event 2001 The Unlawful Internet Gambling Enforcement Act (UIGEA) is proposed. 2003 FullTilt Poker is launched, marking a new era in online poker. 2004 Many online casinos begin to market heavily to American players. 2005 The UIGEA is enacted, impacting several online casinos.
2006-2010: The Black Friday Fallout ⚖️
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Year Event 2006 The UIGEA becomes law, complicating financial transactions for US players. 2010 The infamous Black Friday occurs, leading to shutdowns of major poker sites.
2011-2016: State-Level Legalization 🗽
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Year Event 2012 New Jersey legalizes online gambling, becoming a state leader. 2013 Multi-state liquidity agreements begin to form, expanding player pools. 2014 Delaware and Nevada also legalize online gambling. 2016 Market trends show an increase in revenue for licensed online casinos.
2017-Present: The Rise of Legalized Online Gambling 🎉
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Year Event 2018 The Supreme Court strikes down PASPA, paving the way for state-led legalization. 2019 Michigan and Pennsylvania launch regulated online gaming markets. 2020 The COVID-19 pandemic boosts online gambling popularity exponentially. 2021 Many states continue to push for online casino legislation.