Just like their real-world counterparts, online casinos around the world are required to follow the rules and regulations set down by the government. Even though Australia traditionally has had a fairly relaxed approach to gambling when it takes place in person, its online gambling laws are strict. In this informative article, we will look into the reasons for Australia’s rigorous approach to online gambling and explain how these rules and regulations impact players in the country.
Why are Online Gambling Regulations So Tight in Australia?
In the earliest days of the internet, Australia had a liberal online gambling culture which was starting to grow rapidly. Worried about the impact that this could have on the country’s population, the Australian government decided to heavily regulate online gaming. This partly came as a response to pressure from the operators of land-based casinos.
It was also a response to fears from the government that significant online activity, particularly any activity based and taxed in foreign countries, could be a substantial detriment to the existing gambling industry. This would be a problem for them, as they currently generate large amounts of tax revenue from this gambling activity. This gives the current Australian casino industry a considerable amount of lobbying power at Federal and State levels and means that the country’s politicians are wary of upsetting a balance which they know drives significant tax revenue.
What Types of Online Gaming are Permitted in Australia?
The vast majority of online gaming in Australia is sports betting. This means that if you find a Unibet Promo Code which is valid in Australia, you’ll probably be using it on a sports bet. Rules and regulations on sports betting are still fairly strict. For example, in-play betting, which has become one of the fastest growing gambling activities in many other countries, is not allowed in Australia. This has not stopped internet betting becoming the quickest growing type of gambling in Australia with more and more participants each year. While firms have found various loopholes over the years that allowed them to offer other types of gaming, the government has generally moved relatively quickly to clamp down on this type of activity.
Will the Gambling Situation in Australia Change?
Change is unlikely to come very soon, as the restrictions which are currently placed on gaming online in Australia are there for financial, rather than moral reasons. Until the government can be convinced that it has more to gain than it has to lose from loosening its grip over online gaming in the country, there is unlikely to be change.
In the meantime, Australian gamers have a large number of sports to choose between when they fancy a flutter online. The restrictions which are in place mean that Australia has one of the most highly developed sports betting markets in the world, with casinos continually coming up with new and innovative ways for players to gamble on their favourite sports. If you fancy a game in Australia, it might be worth brushing up on the best players in a few of their most prominent sports.