🕰️ Early Beginnings (1980s – 1990s)
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Introduction of Online Gambling
Year Event 1994 The first online casino, Microgamming, is launched in Antigua and Barbuda. 1996 The term « online casino » begins to gain traction among Internet users. -
First Cashout Features
Year Event 1997 The first cashout systems are introduced in early online casinos. 1998 Online casinos start implementing e-wallet services for faster cashouts.
💻 Expansion and Regulation (2000s)
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Advent of Instant Payouts
Year Event 2001 First casinos offering instant cashout options using credit cards and wire transfers. 2003 Introduction of secure payment gateways leading to increased trust in online casinos. -
Implementation of Regulations
Year Event 2006 The United States passes the Unlawful Internet Gambling Enforcement Act (UIGEA). 2007 Online casinos adapt and innovate payment methods to comply with new regulations.
📈 Technological Advancements (2010s)
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Mobile Gaming Revolution
Year Event 2010 The launch of mobile casinos enables instant cashouts on smartphones. 2015 Live dealer technology integrates real-time cashouts made available. -
Emergence of Cryptocurrencies
Year Event 2013 Bitcoin begins to be accepted as a payment method in online casinos. 2017 Instant cashouts using Bitcoin and other cryptocurrencies gain popularity.
🌐 Current Trends and Future Outlook (2020s)
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Integration of Advanced Technologies
Year Event 2020 Artificial Intelligence starts to play a role in fraud prevention and instant payouts. 2022 Decentralized finance (DeFi) impacts online gambling payment systems. -
Regulatory Developments
Year Event 2021 Increased regulatory scrutiny leads to safer and more reliable cashout processes. 2023 Global harmonization of online gambling regulations enhances player protection.