The popularity of online gambling in Australia has increased exponentially over the past 10 years since the inception of the industry. Given that 80% of Aussies gamble at least once a year, making sports betting, playing online pokies and table casino games. According to The Economist the number of adults who gamble in Australia is higher than in any other country in the world. But what makes Australian online casinos differ from any others?
How Australian online casinos work
Despite the 2001 Law “On the interactive gambling”, which prohibits the Australian online casino operators to offer “real money” online gambling to to local residents, the use of online casinos for Australian citizens remains legal. How it works only the lawyers know, and all the players care about is that they can visit their favourite Casino Mate, All Slots, 32Red online casino and other to meet their gambling needs.
Other gambling activities
Online lotteries and sports betting are legitimate, provided that they are not associated with the Internet business, but with land casinos. However, the in-game sports betting is classified as “interactive” gambling, thus falling under the law “On the interactive gambling”. Therefore, if the Australian online bookmakers offer it to Aussie residents – such activities are considered illegal. However, Australia’s players still use stakes in the game, taking advantage of the services of foreign operators who either ignore or are unaware of the law “On the interactive gambling”.
Fortunately for the Australians, taxes winnings are exempt.