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Brief History of Online Casinos

Casinos have been there ever since humans embraced civilization. At the onset of the World Wide Web in the 20th Century, casinos seized the opportunities to start the movement of online casinos. An online casino functions very much like the casino building present all over the world just the fact that the proceedings are transmitted via the internet. The United States was the giant regarding the web outreach hence experienced the first significant change in the introduction of online casinos.

Getting Started

In 1994, as the software industry got underway, Antigua and Barbuda passed a law aimed at ensuring the casinos were licensed. Revolution of the industry started right after making it one of the highly grossed in the world. In the same year, Microgaming Tech gurus developed the first software that aimed at allowing online gambling. The new invention took the industry as a surprise as people got interested in understanding it.

Security for Online Casinos

After the revolutionary software, the developers invested more time on the security of this invention and a year later came the first protocol for the encryption of information. This security advancement enhanced the safety in the way gamblers transferred and got into games. Intercasino led the pack in 1996 to create the first money wager providing the players access to more games in a more accessible and reliable manner. Potential players got into this moving cycle in the industry as it grew tremendously gauged by the capital present in it at the time. This diversity in options came with the challenge of increasing fraud hence the creation of a license to regulate the online activities of casinos by the Kahnawake Gaming Commission in 1996.

Growth and Development

A steady and swift growth of the online casinos was experienced right after this regulatory move of licensing because viewers saw it a more secure place than before. At the onset of the millennium, the industry had revenues of approximately $2.2 billion. Two years into the 21st Century, gambling went global with platforms cropping up almost daily as the industry reached its peak in 2005 where individual gambling sites offered IPOs to their customers. A year later, the American gambling industry receives a big shock due to legislation that made it illegal for banks and credit cards to process money to gambling sites. With the advent of smartphones, the industry amassed a following because it was an affair that could be done at the comfort of one’s bed. As of 2016, the industry was worth well over $45 billion and projected to continue growing.

How to Collect Your Winnings from an Online Casino

The difference between online gambling and online gaming is that real money is involved in the former.  As a casino player, every winning translates to real money that you’d want to cash out someday if NOT then.

The good news is that nothing is as easier as converting the cash you have earned in the casino into real money. The process may vary depending on the policies and expectations set by the casino you’re using, but one good thing is that they aren’t very much different.

So, assuming you’ve been on a lucky streak for a given stretch of time and have earned handsomely in the process, simple logic demands that you transfer some of the virtual casino money that you have earned to your pocket. This is sometimes necessary even if you’re planning to parlay some of the profits for bigger winnings.

Some people may find the process involved in collecting their casino winnings a little bit of a rigmarole. This is usually the case if you didn’t take time to go through the casino’s money policy before depositing with them.

For instance, some casinos do require that you submit a scanned copy of your ID or passport first before the funds can be released. You might want to check on this while choosing the online casino to work with before it becomes clear that you made a terrible mistake settling for them.

Via Debit or Credit Cards

For some casinos, cashing out is as simple as requesting the casino to send your winnings to the credit or debit card that you used to deposit cash with them. This is, however, a rare case as many card providers are finding it hard to process gambling transactions. But if you’re lucky enough to have this option enabled, then it should only take you about three days for the cash to appear in your bank account.

Other traditional methods to collect your winnings

If your winnings cannot be collected via bank, your next option should be to use an online wallet, such as Firepay, NeTeller, Wire, Swft Transfers, DTB or Nucharge. You might want to check out which e-wallet system works best in your country before deciding on which one to use.

First, go through the casino’s payment policy and find out the e-wallet system they support. It’s also recommended that you check the fee they charge to withdraw, plus the minimal amount to withdraw.

Also, do this bearing in mind that it might take you a few days to receive your cash if you settle for this method.


If all else fails, the your last option is to go the old fashioned way—check.

All you have to do is contact the casino and provide them with your detail. They’ll then process the check and send it to you via mail.

If you’re too anxious to spend your cash, you may request for a faster delivery. Of course you’ll be charged extra for this.

Once you receive the check, just take it to the bank and cash it out.