Australian Online Gambling Marks GrowthPublished December 19, 2015 by Lee R
In the new world of website ISP's, proprietary content must meet official regulations in order to be licensed.
Not to be left out of the fun, the Australian annuals are up as well.
Record Numbers for the Year
The Australian Bureau of Statistics (ABS) has revealed that online gambling operators in the country’s regulated gambling market experienced a record level of betting activity during the last full 12-month cycle.
The tally for the organizations' national accounts for the one-year period through to September 30th of last year reveals a record outlay of Aus$24.1 billion (€16.3 billion/US$17.7 billion) on gambling, represents a rather impressive if not astounding per capital of approximately Aus$1,000 for every person in Australia.
Decade of Growth
This completes a growth curve average annual growth over the past decade to 3%, growth which the ABS characterized as “above average.”
In a country where Casino Mate, Grand Reef Casino and Tivoli Casino are popular, Australian operators had just reported a spike in wagers during the three month quarter leading up to the end of September, a total up that was up 6.1% year-on-year to a record quarterly figure of Aus$6.5 billion.
However, the strong figures do not ensure the continued regulation of online gambling, in light of the fact that the government is considering current laws and restrictions regarding in-play online betting during sports events.
Adapting the Law
In the case of the Australian market issues, online operators are actually amongst the organizations calling for change.
National operator Sportsbet and others are eager to discourage punters from using offshore services in favor of those offered by operators based in the country, because offshore play cuts into market revenues for private registered online operators as well as the tax revenues of the Australian government.
Other private organizations calling for change include Facebook and Twitter, as well Google, saying the current law is not workable.
In effect, the Australian law has to be adapted to meet the new needs of organizational licenses online, because no legal precedent exists requiring internet companies that are not ISPs to filter access to websites.