Primary Development in typically the 1990s: The initial online casino came out in the mid-1990s, driven by breakthroughs in technology and even the rapid development of the internet. Microgaming, a software company that launched in 1994, is usually credited with developing the first online gambling software, while CryptoLogic, an online security software company, triggerred secure online financial transactions, allowing real-money gambling to blossom. InterCasino, launched in 1996, is one of the first recognized online gambling dens.