Sports betting or Gambling in Australia, including online wagering and lotteries, is strictly regulated and hence requires a legal or authentic license. The demand for sports betting is high in Australia, which opens doors for entrepreneurs to invest in sports betting development in Australia. However, to stay retained in the market, you must adhere to the expectations and instructions of responsible gambling policies of Australia.
Online gambling in Australia saw an increment of 8% from 2020 to 2022. This clearly shows that the market is constantly growing upwards and is here to stay. The stats also showcase that Australia has a high rate of participation when it comes to online gambling or betting. The significant sectors or functions of betting include sports betting, pokies, casino gambling and lotteries. Amongst all, youngsters are more likely to be included in all sorts of gambling in Australia.
In this article, you will get to know everything about sports betting in Australia.
Is it Legal to Bet Online In Australia?
As per the regulations and guidance of the Interactive Gambling Act of 2001, Gambling or sports betting is legal in Australia. It allows online wagering, lotteries and sports betting games within the country, opening new business scope for entrepreneurs to lead in the Australian betting market. It is not considered an offence if you bet online even when using an unlicensed provider.
Australians are free to bet online on offshore as well as domestic betting sites having authentic licences to operate within the country or keep up with the instructions or regulations of the Interactive Gambling Act. In simple words, it is 100% legal to bet on sports betting or gamble with renowned Australian bookmakers having regulated licences.
Australian Gambling Laws
The major thing about Australia not having a particular legal definition towards gambling is that the governance of the matter occurs at both state and territory levels. Hence, the gambling laws vary and are different from one another, which is followed differently across the country. Some states have their own set of rules and laws when it comes to gambling or sports betting.
These regulatory bodies ensure the best-practice compliance and safety of all the people involved in online gambling within the country or outsiders using Australian sportsbooks. There are different authorities keeping a stake in the regulation of gambling state-wise or territory-wise. They make sure to be under the guidelines of responsible gambling while following the implications of the IGA of 2001.
Australian Gambling Authorities
- The Gambling and Racing Commission is the independent gambling authority which ensures to keep up with security and safety of the bettors.
- Liquor and Gaming NSW is responsible for licencing, policies and compliance; being an independent decision maker, it regulates casinos' liquor, regulated clubs and gaming machines.
- The Lotteries Commission of SA is empowered to promote and conduct lotteries for or on behalf of the state respectively.
- Victorian Commission for Gambling and Liquor Regulation is a sole and independent authority which adheres to and regulates the gambling and liquor industries within the state.
- The Tasmanian Liquor and Gaming Commission is an independent body which held accountable for the regulation of gaming within the country.
- The Northern Territory Racing Commission is held accountable for racing and betting activities. It checks whether the sportsbooks are offering services under the legal licence.
Final Words
By now you might have understood the concept and scenario of sports betting in Australia. Online gambling or casinos are legal under the Act of Interactive Gambling of 2001. However, there are different rules and regulations followed by different states and territories, having different authorities keeping up with the same. The scope of online betting is high in Australia, which entices a lot of bettors and entrepreneurs to invest their time or money in sports betting in Australia. Make sure to keep up with the rules and regulations of sports betting in Australia as per the implications of the Act of Interactive Gambling.
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