Gambling and sports betting have become popular forms of entertainment and beloved hobbies in many countries. With the advancement of technology and the Internet, these pastimes have naturally transitioned into the online space. The online gambling market is closely tied to the development of web technologies, leading to the emergence of the term "iGaming." iGaming has gained popularity by transitioning into the virtual environment, providing players with constant access to online games.
The term "iGaming" can be used in both narrow and broad senses. In the narrow sense, it refers to online betting in gambling games using electronic means. Thus, the "i" in iGaming stands for the Internet, and "Gaming" denotes the gaming industry.
In a broader sense, iGaming encompasses gambling activities such as casinos, sports betting, totalizers, lotteries, bingo, and card games. It also includes various companies providing online verticals and software for this industry. Games dependent on chance, such as online casinos, sports betting, and lotteries, fall into one category. The second category includes games where the outcome depends on the player's skills, such as poker, blackjack, and chess. There is some uncertainty about whether to include the second category in iGaming, but representatives from both categories are often encountered at iGaming events.
The history of iGaming began with the development of technology, urbanization, and the widespread use of the Internet. Key events include the enactment of the Free Trade and Processing Zone Act in 1994, which allowed the issuance of licenses for online casinos. In 1996, the Kahnawake Gaming Commission was established, and by 2005, the United Kingdom legalized the operation of gambling sites with the Gambling Act. The regulation of online gambling varies in different countries as legislators seek to establish their rules to control the activities of both local and foreign operators providing iGaming services.
iGaming operators serve as managerial figures in the gambling business, responsible for operational activities, marketing, and providing end-users with the opportunity to place online bets. In many countries worldwide, the operations of online gambling operators are subject to legalization and regulation by the state. Countries such as Belarus, the Czech Republic, Estonia, Sweden, Finland, and Norway are considered regulated markets, where local licenses are required to conduct business. Similar to land-based gambling establishments, providers of online gambling games must hold licenses to offer services to players in specific countries. An example is Lithuania, where operators need to establish land-based gambling facilities to obtain permission for launching a website for gambling. In certain countries, online gambling may be either entirely prohibited, as in Israel, or permitted and regulated, as in the Netherlands after 2021.
The landscape of the gambling industry has undergone significant changes due to the COVID-19 pandemic. The closure of land-based casinos, bookmakers, and the suspension of sports events led to an increase in demand for online gambling. In 2021, the global market for online gambling games was valued at over 70 billion US dollars, and this figure is expected to continue growing.
The evolution of mobile technologies makes iGaming more appealing to players, offering a wide range of themes, high-quality graphics, and modern sound effects.
Virtual and augmented reality (VR/AR) technologies are also contributing to the iGaming industry. Evolution, a leading content provider for live casinos, explores the possibilities of using VR technologies, providing players with new experiences in online gambling.
Concerning the future development of the industry, blockchain technology is becoming increasingly significant. Cryptocurrency casinos and blockchain casinos allow players to conduct transactions using cryptocurrencies, ensuring maximum anonymity and eliminating intermediaries. This technology also guarantees the fairness of game results and the swift processing of transactions.
Live streaming and social media have a significant impact on the iGaming industry, attracting increasing attention from users. Streaming has become a popular method of content delivery, where streamers showcase the real-time gaming process. This allows viewers to experience key moments of the game live and place bets alongside the streamer. Streamers actively choose slots with frequent bonuses and high payouts, making their broadcasts more entertaining. This practice draws new users to online casinos, especially when streamers are partners with operators. Streamers often provide useful information on their pages, including operator ratings and promotional materials. Gamification, the incorporation of gaming elements into online casinos, is aimed at attracting a younger audience. This includes character selection, quests, and various rewards for achievements. Gamification enhances player retention by satisfying their needs for variety and motivation.
Virtual and augmented reality technologies, as well as the use of HTML5 and Unity in slot development, make iGaming more accessible and appealing to players. Along with the development of 5G technology, game loading speeds improve, positively impacting the user experience.
The iGaming industry continues its rapid development, supported by various technological and social trends.

Since their inception, online casinos have undergone significant changes, and the evolution of payment methods is an integral part of this process. Last year marked a significant milestone – my first year of existence. Today, we will explore how technologies and trends in payment methods are shaping the online gambling industry.
1. Traditional Methods
Historically, credit cards and bank transfers were the primary methods of payment in online casinos. However, over time, existing methods have given way to more modern and convenient alternatives.
2. Contactless Cards
With the advent of NFC (Near Field Communication) technology, contactless cards have become a widely adopted payment method in online casinos. They provide players with the ability to make quick and secure transactions by simply tapping the card on a reading device.
3. E-Wallets
Electronic wallets, such as PayPal, Skrill, and Neteller, have also become a popular choice for online gamblers. They offer fast and convenient ways to make payments, along with an enhanced level of security due to additional layers of encryption.
4. Cryptocurrencies
One of the most recent and innovative developments in online casinos is the integration of cryptocurrency payment systems. Thanks to blockchain technology, cryptocurrencies like Bitcoin, Ethereum, and others allow players to conduct anonymous and secure transactions.
5. Mobile Payments
With the advancement of mobile technologies, mobile payments have gained popularity, allowing players to make transactions using their smartphones. This method is particularly convenient for those who prefer playing casino games on mobile devices.
6. The Future of Payment Methods in Online Casinos
Judging by current trends, the future of payment methods in online casinos promises even more innovations. Technologies such as artificial intelligence and blockchain may reshape the payment landscape, making it even more convenient and secure.
Conclusion
The evolution of payment methods in online casinos indicates that the gambling industry is constantly adapting to new technologies and player needs. From traditional methods to modern innovations, payment systems in online casinos continue to evolve, providing players with diverse and convenient ways to conduct transactions. Over time, even more significant changes can be expected, making the casino gaming experience even more engaging and carefree for players.