The Online Gambling Boom
Online gambling as an activity is something that has not been around for that long. Even if you wanted to be completely generous to online gambling in your historical notes, you could not go back any further than the late 1980s and early 1990s because there was no online to speak of before that time. However, being around and being popular are two different things entirely. Online gambling did not become very popular until after 2003. There are a number of reasons that the online gambling boom took place and these reasons range from functional ones right down to a catalytic event that shook the very foundations of how online gambling is viewed by the general population.
Changes in Security
Technology is constantly in a state of advancement and when it specifically came to online gambling, changes in security had been occurring in the online gambling software for years leading up to 2003. These changes were implemented across the board both in download based casino and poker sites as well as in web based sportsbook betting sites. With a higher state of security that was not only bragged about but also independently verified, more people started warming up to the concept of online gambling.
Changes in Functionality
If you were to go back in time and take a look at many of the online gambling software packages of the middle and late 1990s, you would discover one point of similarity between all of them. To put it bluntly, they sucked. Online poker was slow, had poor graphics and generally lacked enjoyment unless you were making money and since it was impossible to make money at online casinos the same could be said of them.
However, the turn of the century brought about online software giants like Microgaming, Playtech and Crypto Logic, all of which put massive resources into developing better software packages. Stand alone software packages soon followed them in this endeavour and by the time the year 2003 came along, online gambling software was both functional and graphical, allowing for an excellent user experience.
The 2003 World Series of Poker
While these changes in the software were necessary steps for the online gambling boom to begin, it still needed a catalytic event. That catalytic event was provided at the 2003 World Series of Poker when the no limit hold ‘em main event was won by Chris Moneymaker. Chris Moneymaker was an online amateur that had parlayed an online satellite win of less than $50 into a grand prize of $2.5 million at poker’s biggest annual event.
Moneymaker instilled in the hearts of amateur poker players around the world that they could win as well if he could and people flooded to the online poker sites as a result of this realization. Through the process of crossover traffic and promotions, people started playing more at online casinos and betting more on sportsbook websites as well. The online gambling boom started in the wake of his success and the rest, as they say, is history.