Lotto hit America around 1929 and was previously renamed Beano before becoming Bingo as we know it today. Players would check their cards and call 'Beano' when they had marked off the numbers on their card. One day someone accidently hollered out 'Bingo' rather than 'Beano' and this Bingo term indeed stuck.
In the UK we typically play a 90 ball Bingo game. The intent of the Bingo game players is always to mark off the numbers to achieve the desired pattern. Speed Bingo is the same, but numbers are merely called much faster.
A game of 90 ball Bingo will generally be played in three legs - one / two lines and then Full House (Full House is the largest prize). The one line Bingo game means players are required to mark a complete horizontal line crossed over one card. With two lines it is therefore two lines we need. Full House is achieved when all the numbers checked on one card in the Bingo game. Prizes will be divided among the victors if there are multiple winners.
With regards to the future. Technology is being deployed by the online Bingo industry at a tremendous pace and mobile bingo appears to be the next in line for the mainstream. This method of playing Bingo will allow players to take the game anywhere with them, where they might go. The technology is already in place to push this mobile Bingo to the mass markets and as the big money is introduced to mobile Bingo it will only get bigger.
Bingo's popularity is certainly set to grow in the future with the online Bingo innovations and the introduction of social networking which is already having an impact. Who knows what the game will look like in another 10 years!