There's a little conjecture about which was in fact the first online casino to accept wagers over the internet.
Most other websites seem to claim that InterCasino was the first, in 1996.
But our research shows that it was in fact Microgaming's Gaming Club that opened first, in October 1995. The Gaming Club still offers Microgaming's casino and poker software and is licensed by the government of Gibraltar.
The Kahanawake Gaming Commission was also established in 1996 in Canada. It controls and regulates online gaming activity from the Mohawk Territory of Kahnawake and issues gaming licenses to many of the world's online casinos and poker rooms, aiming to keep the operations of licensed online gambling companies fair and transparent.
Throughout 1997 and 1998 online casinos continued to develop improved software and refine their operations. Due to the slower bandwidth speeds and servers of the time, there were many connectivity issues and network dropouts in the early days of online gambling, however business research and consulting firm, Frost & Sullivan, reported that the industry still generated $834.5 million in revenue in 1998 alone.
Read more: http://www.onlinegambling.com
