The online gaming business has quickly grown over the past few years into a successful multi-billion-dollar industry.
The activity of wagering money or something of value in exchange for an uncertain outcome predates recorded history, and China is considered the birthplace of gambling. One of the oldest gambling games in existence is Keno, which dates back to the Han Dynasty between 205 and 187 B.C.
Fast-forward to the present time, the gambling world has rapidly adapted to the changing times with the technological advances made in the marketplace.
For example, online gambling sites offer betting, gaming, and lottery through cutting-edge devices (smartphones, tablets, PCs, and laptops). According to a PR Newswire report, the global online gambling market is expected to grow and gross at a compound annual growth rate (CAGR) of 10.73 percent over the period of 2014 to 2019.
The industry continues to amass substantial business and by 2015 revenues were forecast to reach $41.4 billion, according to Statista.com. The latest development is that industry is expected to have an increase in distributed denial-of-service (DDoS) attacks carried out by cyber-criminals and competitors alike in the New Year.
