The gambling industry is raking in millions and millions of pounds each and every week in the 21st Century, and whilst it has always been a particularly lucrative business, nowadays the amount of revenue being produced far exceeds anything we have ever seen before. And that is no easy feat either, believe us. Ever since the world’s very first casino was opened in Venice these establishments have always been incredibly decadent, with things getting particularly luxurious in the Europe of the 1800s due to new casino games such as roulette. There has always been a lot of money in the casino gambling business that much is true, but these days the sheer amount of revenue being created is well and truly off the charts. One of the main instigators of this has been the emergence of online casino over the last two decades. In fact, without online casino the gambling industry would look a whole lot different to what it does now.
Although online casino as a whole has changed a lot in the gambling industry, there is one specific part of it that has had by far the most influence on the continued evolution of the casino gambling industry. Oh yes, if it were not for the presence of online slots we are pretty sure the general online casino business would be nowhere near as big as it is now. These delightful little games have played a very important part in the last couple of decades, with developers such as NetEnt and Microgaming ensuring that online slots continue to be innovative and exciting. One thing is absolutely certain here: without online slots the gambling industry would probably look a lot different, and also bring in a lot less revenue. Read ahead for an exploration into online slots and their role in the gambling industry.
The gambling industry before slots
It would be a complete and utter fallacy to say that the gambling industry was struggling before the invention of slots way back in the late 1800s, because in reality it was far from having a difficult time. In fact, due to new games like roulette that really captured the public imagination casinos were raking in record-breaking figures in revenue over the 19th Century, resulting in some of the world’s first genuine super casinos.
In fact, the casino gambling industry as doing so well in Central Europe during the 1800s that it was eventually banned by most major governments, having to set up camp in places like Monte Carlo instead. Gambling was still illegal in many places when the first slot machines were getting made, and these new games would come to be incredibly useful to the gambling industry as time went on.
Charles D. Fey and the first commercial slot machine
It wasn’t until the very late 1800s that the world saw its first genuinely commercial slot machine enter the stage, something that we owe a man called Charles D. Fey for. This Californian engineer made a few crucial changes to the rudimentary slot machines around in his day, and ended up with the Liberty Bell machine – a slot that went on to be incredibly popular.
It didn’t take too long for this machine to take off around Charles D. Fey’s native San Francisco and surrounding areas, with their being hundreds available after only a few months. If it were not for the early slot machines many gambling historians think that the US government wouldn’t have had such a big reason for finally legalising gambling, so it is a crucial part of history.
Slot machines’ role in the 20th Century gambling explosion
The first online slots
Slot machines continued to experience an exponentially rising number of gamblers spinning their reels over the course of the 20th Century, especially with new developments such as the invention of more attractive video slots. And this was actually the catalyst for the world’s first online slots too, as developers could see a route to make these games online for the first time.
The first online slot is widely recognised to be Temple Of Isis by the Australian developer Eyecon, and in those early days online slots were very rudimentary and simple. Fast forward to the present day, however, and 2020 slots just keep on getting more advanced, something that means even more people want to play on them.
Impact on the worldwide gambling industry in relation to online slots
Whilst online slots had a fairly slow start mainly owing to issues in the available technology required to host online casino games on the Internet, by 2010 they were making a serious surge. In fact, in little more than a decade of existence online slots went from an exciting but tiny part of the market, to one of the biggest drivers behind the entire gambling industry.
Because of online slots the gambling industry is in a much better state, therefore, and many gambling experts have online slots to thank for the healthy state of gambling in the 21st Century.
2020 slots’ role in the gambling industry
One of the best things about online slots is the fact that they are highly customizable, meaning that it is quite easy to make sure that they don’t get boring. The leading developers have become incredibly good at coming up with new bonus features or concepts, and it means that there is a constant stream of gamblers heading to online casinos all around the world.
In a way 2020 slots play an important role to the whole gambling industry, because they are consistently attracting an audience that might have got bored if slots were more one-dimensional.
The future of online slots’ role in the gambling industry
Online slots are now a truly indispensable part of the global gambling industry, and we really cannot see this changing any time soon, especially because of things like mobile slots. The futures of the gambling industry and online slots are deeply intertwined, we cannot wait to see what happens next!
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