ONLINE SOUTH AFRICA How gambling has evolved world-wide 2 weeks ago Iwo Bulski Post Views: 358 Gambling activities have been around for much longer than most of us imagine. According to historical resources, the earliest signs of gambling date as far back as 2300 B.C. This means that gambling appeared around 1 700 years before money as a currency was introduced, players wagering their belongings, food, and cattle instead. And while the conditions of gambling have tremendously changed over the years, the main concept remains the same: players wager something that belongs to them for a chance of winning something more. How gambling became popular: the appearance of slot machines Slot machines are among the earliest types of gambling software, dating back to the 19th century in America. They were instantly successful with customers, and increasingly more people started to take an interest in gambling. One distinctive feature of the first slot machine prototype was the lack of a cash-out option. Hence, instead of money awards, prizes such as free alcohol shots or tobacco were offered. Land-based casinos in the UK Brick-and-mortar casinos first gained traction in the UK during the 1960s. However, gambling had been a popular activity among the wealthy even before the appearance of casinos, with several high-class events being the main place where gamblers gathered. Once land-based casinos became popular, people from lower classes had the opportunity to gamble in organised establishments. After the Betting and Gambling Act was introduced in 2005, stricter regulatory laws were imposed on casino owners, which caused several small high-street shops to go out of business. However, such a change proved to be extremely beneficial for South African gamblers, who gained the opportunity of playing their favourite games in a fair and lawfully regulated gambling environment. Brick-and-mortar establishments in South Africa All gambling activities were heavily restricted until 1965. Before then, only horse racing bets were allowed. After land-based casinos became legal during the mid-60s, several establishments started to appear in South Africa. According to statistics, from 1965 to 1995, more than 2 000 casinos were opened in the country. A shift to online gambling The industry of online gambling started to rise at the beginning of the 90s and has been growing ever since. During the 2000s, the gambling domain witnessed the appearance of dozens of online casinos and gaming providers. It was during that time as well that people started to acknowledge the advantages online gambling had over classical land-based casinos. Indeed, online casinos offer players full access to a large variety of perks, from a great range of game options to countless payment methods, with exciting bonuses meant to enhance their playing experience. Mobile gambling The introduction of mobile gambling has played a definitive role in the continuous growth of online casinos. At the moment, several gambling websites are designed to perfectly transfer to a mobile interface, so players can perform any task they could previously do by using a computer. Online gambling in South Africa Online gambling is a high volume part of the betting activities that take place in South Africa. Nowadays, you can find several renowned online casinos that function under a strict licence if you want to play casino games in South Africa. The National Lottery of South Africa also plays a relevant role in the astonishing popularity of gambling in the country, with several citizens playing the lottery as part of their weekly or monthly routine. The gambling world today According to industry sources, gaming has spread far more online than on land. Because they are more accessible, technical innovations such as random number generators, extra features on games, integrating virtual reality, and internet interfaces are considerably more popular than attractive interiors. Gambling participation in South Africa According to a relevant study that took place in 2006, it was confirmed that residents of South Africa truly enjoy gambling. An overall percentage of 97% of the gamblers surviewed confessed to having an affinity for placing bets on the National Lottery and in online casinos. Hence, we can conclude these gambling activities are the most popular in South Africa. However, other types of gambling are highly popular too, with almost 23% of the gamblers confessing they like to buy scratch cards. What does the future hold? According to predictions done by financial experts, the industry of online gambling is expected to be worth over $115.3-billion by 2026. Virtual Reality and Live Casinos are also predicted to become more prominent within the gambling industry in the years to come. The evolution of gambling should also be closely tied to the development of further features on smartphones. Since online casinos nowadays are mobile-first, we can expect all future innovations to accommodate the smart devices of the next decade. As for land-based casinos, the future doesn’t look so bright, due to constant decreases in their sales. Therefore, a make-over must happen for the classic gambling establishments to have a chance of remaining relevant in the future. Source: mg.co.za About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: history, igaming, South Africa Continue Reading Previous TVBET unites forces with TechnaminNext South African start-up wagers on peer-to-peer betting More Stories ONLINE WORLD NEWS 4 sales-boosting modules from Slotegrator’s new platform 6 days ago Iwo Bulski KENYA ONLINE The influencers paid to push hashtags 6 days ago Iwo Bulski NIGERIA ONLINE BGaming develops compression algorithm to cut game loading time 2 weeks ago Iwo Bulski ONLINE SOUTH AFRICA Africa Records a High Number of Gamers 2 weeks ago Iwo Bulski ONLINE WORLD NEWS Keep VIP programs compliant with the right bonus module 2 weeks ago Iwo Bulski BURUNDI ONLINE Grupo Pefaco enlists Moobifun to take it digital in Africa 2 weeks ago Samuel ONLINE Volatility & Variance for Slot Games Explained 2 weeks ago Szarlot BETTING SOUTH AFRICA South African start-up wagers on peer-to-peer betting 2 weeks ago Szarlot ONLINE WORLD NEWS TVBET unites forces with Technamin 3 weeks ago Iwo Bulski ONLINE WORLD NEWS How the iGaming industry is driving the global economy 3 weeks ago Iwo Bulski ONLINE SOUTH AFRICA Online slots go live in South Africa 3 weeks ago Iwo Bulski LOTTERIES SOUTH AFRICA Top Lottery Exec to Face New Corruption Inquiry 3 weeks ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.