🕰️ 1990s: The Birth of Online Casinos
-
Year Event 1994 First Online Casino Launch: The first online casino, operated by Microgaming, opened its virtual doors. -
Year Event 1999 Introduction of Real Money gambling: Online casinos began allowing players to gamble with real money.
💳 2000s: The Rise of Payment Options
-
Year Event 2001 PayPal’s Entry: PayPal started to facilitate online gambling transactions, making deposits safer and easier. -
Year Event 2006 Unlawful Internet Gambling Enforcement Act (UIGEA): This act targeted payment processors, leading PayPal to cease its services for online gambling.
🔄 2010s: The Evolving Regulatory Landscape
-
Year Event 2011 PayPal Returns: After a brief withdrawal, PayPal resumed operations with select online casinos following regulatory changes. -
Year Event 2013 Legalization in New Jersey: New Jersey regulated online gambling, allowing PayPal as a payment option for online casinos.
🌍 2020s: The Global Reach of Online Casinos
-
Year Event 2020 Covid-19 Pandemic: The pandemic led to a surge in online gambling and the acceptance of digital payment methods like PayPal. -
Year Event 2023 Expansion of Available Markets: Many online casinos globally began accepting PayPal as a standard payment method due to growing player demand.