Australia online casinos are no longer legal based on the Interactive Gambling Act (IGA) of 2001. Keep on reading and find all the information you need about the gambling laws in Australia.
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It is illegal for Australia casino operators to offer gambling services to the residents of the country. This was decided through the Interactive Gambling Act (IGA) in 2001.
It is also prohibited for operators from outside Australia to accept players from this country. The only gambling services operators can legally offer Aussies are sports betting and race betting. This type of activity is overseen and regulated by the Totalisator Agency Board, a special authority in charge of processing all fixed odds bets and tote bets.
Betting is allowed only as long as bets are closed before the event starts.
A very interesting fact about how this law works is that Australian-based gambling operators are allowed to function as long as they only offer their services to players from other countries.
The IGA’s main goal is to protect the country’s citizens from the effects of gambling addiction.
Given the laws of the country, offshore online casinos cannot obtain any license for this jurisdiction.
The Interactive Gambling Act of 2001 was passed by the Australian Government in June 2001. Ever since, it has been reviewed multiple times and has received modifications which includes:
Considering the Australian laws regarding gambling, you might be surprised to know that over 80% of the country’s residents engage in gambling activities. This shows just how popular and appreciated this industry is.
Most of the activities that make up this high percentage are carried in land-based casinos across the country, which generate considerable amounts of money in revenue.
Are you wondering whether or not you will be able to join new casinos Australia anytime soon?
The European Business Review released a report showing that the country’s gambling industry will reach its highest potential by 2025. By then, many players are hoping for a change in regulations and a chance to play at local and fully licensed new online casinos Australia.
Land-based gambling is available in over 6,800 pubs, clubs, and hotels. Also, there are about 4,700 lottery outlets residents can play at.
Now you know all there is to know about online casinos in Australia and what the gambling laws are in the country. Since there are no casinos that accept Australian players available, you may decide to go for sports betting on the legal sites or engage in gambling activities in land-based venues.