Despite the oversimplification, that is the basic rule of sports betting. The goal is to predict the outcome of a sporting event to win a cash prize. Online sports betting is one of the most popular forms of iGaming today. Here’s a brief description of the two main sections of the industry. Types of iGamingĪlthough the iGaming business includes many different genres and game types, the lion’s share is divided into two. And the industry is constantly evolving as we speak. Every iGaming brand today has a mobile app that players can access remotely. As consumers quickly lined up to get their hands on a smartphone, iGaming companies saw the opportunity to offer games on the go.

The next huge step was the arrival of smartphones in the early 2010s. The early 2000s were the golden years of the online gambling market, with the number of players doubling every year between 20. The first online iGaming website, Planet Poker, launched in 1998 amidst much fanfare, followed by ParadisePoker in 1999. With the technological advancements of the late 90s came the first online iGaming websites. Hence, there were no provisions for online payments. During the initial years of the world wide web, security and privacy were non-existent. The foundations of the global iGaming industry can be traced back to the early 90s, when the internet became available for commercial purposes. The iGaming sector is a complex amalgamation of new technologies and age-old gaming pleasures, and punters seem to enjoy the experience. On the other hand, online gambling takes cues from the gaming industry and uses the information to recreate gameplay elements. While you can use real money to make in-game purchases and wager with those, there are no plans for gambling with real money in online video games. Although the trend has significantly evolved over the past couple of years to blur the lines between the two, online games still do not use real money for gambling. While online gaming includes recreational single- and multi-player games, iGaming covers online casinos, sportsbooks, lotteries, and other skill-based games. The primary difference between gaming and iGaming is that the latter involves gambling. What is the Difference Between Gaming and iGaming? Even those in the industry don’t know the true extent of iGaming, so we’ve prepared a comprehensive article to help those curious about what exactly iGaming is. Whether you are a dedicated punter or just someone interested in gaming, you’ve definitely experienced some form of iGaming at least once in your online journey. IGaming is one of the fastest-growing industries worldwide, and its popularity has been rising consistently in the last decade.

Casino video game gambling basketball