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A common misconception about slot machines is that they are "due" to hit after a certain number of spins or that they run on "hot" and "cold" cycles. In reality, every modern slot machine, both physical and online, is governed by a computer program called a Random Number Generator (RNG). When you press the "spin" button, the RNG selects the number at that exact millisecond. The key takeaway is this: every spin is an independent, random event.

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Its main goal was to control gambling during the carnival season. The Origins of Casino Entertainment
The principle of gambling is as old as civilization itself, but the organized institution we recognize as the casino has a more defined origin. Bettors, often masked to preserve their anonymity, would congregate to play games like Biribi, a lottery-style game, and Basetta, a card game. The very first government-sanctioned public gaming establishment was the Ridotto, founded in Venice, Italy, in 1638. This represented a key shift from private, often illicit, gambling dens to state-controlled locations.