Australian Online Gambling Getting Stronger

Published Sunday, November 02, 2014 -
Australian Online Gambling Getting Stronger

Australia is a relatively new country that is one of the wealthiest in the world, with the world's 12th-largest economy. In 2012 Australia had the world's fifth-highest per capita income and among other things the people there like to place a wager on thing or two.

The Sunday Telegraph news source has information revealing that as much as $26 billion will be wagered on horse races and other bets on sporting events both local and international this year alone. Online access to betting services has facilitated the recent boom in betting with mobile being a big contributor to the trend. The population of 23.6 million highly urbanised and heavily concentrated in the eastern states and on the coast lending more weight to the use of the internet to place a bet.  

Australia is broken up into different states which have different rules regarding online gambling. For sports betting there is the Totalisator Agency Board (TAB) where tote wagers can be made along with fixed odds wagers. There are nearly 3,000 retail TAB outlets in Australia in many different locations. Bingo is also widely available. The opportunities to gamble legally in Australia are plenty.

Online gambling is legal in Australia but there are some government imposed restrictions, brought in with the passing of the Interactive Gambling Act of 2001, but these are aimed at the companies operating online gambling sites rather than the individuals who access them.

Australian research on problem gambling is extensive and the political division associated with gambling on the continent is well known. Tabcorp is lobbying the government hard to try to gain more market share of the wagered dollar which according to Tabcorp's chairperson Paula Dwyer that number amounts to about 14% of the money spent on offshore online gambling in the country.

Australia is remote and unique both geographically and culturally and perhaps being well connected to the rest of the world may add globalization to the mix.

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