📜 Early History (1900s – 1940s)
- Establishment of Bookmaking Practices
| Year | Event |
|---|---|
| 1900 | Emergence of formal bookmaking businesses. |
| 1920 | Introduction of the first betting slips. |
| 1940 | Bookmakers begin to use telephone betting. |
⚖️ Regulatory Changes (1950s – 1970s)
- Legalization and Regulation
| Year | Event |
|---|---|
| 1961 | The Wire Act is passed, influencing interstate betting. |
| 1976 | New Jersey legalizes sports betting, setting a precedent. |
🌐 Rise of Online Betting (1990s – 2000s)
- Advent of the Internet
| Year | Event |
|---|---|
| 1994 | Online betting becomes available with the creation of the Kahnawake Gaming Commission. |
| 1999 | Launch of major bookmaker websites, including Betfair. |
📈 Modern Developments (2010s – Present)
- Technological Advances and Expansion
| Year | Event |
|---|---|
| 2012 | Legalization of online gambling in several US states. |
| 2018 | Supreme Court ruling allows states to legalize sports betting. |
| 2021 | Major bookmakers start adopting cryptocurrency for betting. |