How Is Online Gambling Regulated in Australia?
In Australia, online gambling laws are quite complex. Although the activity is incredibly popular among residents, the government has strict rules dictating who is allowed to play at online casinos and which companies are allowed to offer online casino services to residents.
The Interactive Gambling Act 2001 regulates all forms of online gambling in Australia. According to local politicians, the law was enacted in order to protect residents from the harmful effects of gambling. After ten years of being enforced, however, the government is thinking of amending the Act in order to bring it up-to-date with other countries' views on online gambling.
TabCorp is one of the few companies able to offer Australian residents online casino services. Through TabCorp's website, Australian players can access a wide range of sports betting and wagering services. Over $1 billion has been wagered on TabCorp's internet gambling services thus far, making it the most popular online gambling website in the country. Players who take part in these activities do not face legal penalties and nor does the company itself for offering its services to citizens.
Offshore gaming operators should be wary, however. According to the Interactive Gambling Act, offshore operators are not allowed to target Australian players. They could face significant penalties for doing so, including fines up to $1.1 million. On the other hand, the law does not affect citizens. Australian residents who take part in offshore online casino games cannot be prosecuted by law.
As such, the Australian government has reprimanded very few online casino operators in the online gambling market. According to sources, offshore operators should not be worried about providing their services to Australian residents. So long as they are not obviously targeting the country, it seems that the government will go easy on them.
While the Interactive Gambling Act has been in place for quite some time, politicians are now considering revising the law. With many countries around the world legislating and regulating online gaming, it seems that it is about time for Australia to adopt a more modern perspective on the activity.
The government is currently accepting submissions for review. Researchers and operators can submit papers to the local government, providing information about the online gaming market. Topics include the growth of online gambling worldwide, development of internet gambling technologies, regulatory approaches and harm minimization. While the review has yet to be conducted, this seems to be a step in the right direction for the Australian gambling market. With a such a large population of casual gamblers, it would be an incredibly wise decision for the government to regulate offshore online gambling.
The Interactive Gambling Act 2001 regulates all forms of online gambling in Australia. According to local politicians, the law was enacted in order to protect residents from the harmful effects of gambling. After ten years of being enforced, however, the government is thinking of amending the Act in order to bring it up-to-date with other countries' views on online gambling.
TabCorp is one of the few companies able to offer Australian residents online casino services. Through TabCorp's website, Australian players can access a wide range of sports betting and wagering services. Over $1 billion has been wagered on TabCorp's internet gambling services thus far, making it the most popular online gambling website in the country. Players who take part in these activities do not face legal penalties and nor does the company itself for offering its services to citizens.
Offshore gaming operators should be wary, however. According to the Interactive Gambling Act, offshore operators are not allowed to target Australian players. They could face significant penalties for doing so, including fines up to $1.1 million. On the other hand, the law does not affect citizens. Australian residents who take part in offshore online casino games cannot be prosecuted by law.
As such, the Australian government has reprimanded very few online casino operators in the online gambling market. According to sources, offshore operators should not be worried about providing their services to Australian residents. So long as they are not obviously targeting the country, it seems that the government will go easy on them.
While the Interactive Gambling Act has been in place for quite some time, politicians are now considering revising the law. With many countries around the world legislating and regulating online gaming, it seems that it is about time for Australia to adopt a more modern perspective on the activity.
The government is currently accepting submissions for review. Researchers and operators can submit papers to the local government, providing information about the online gaming market. Topics include the growth of online gambling worldwide, development of internet gambling technologies, regulatory approaches and harm minimization. While the review has yet to be conducted, this seems to be a step in the right direction for the Australian gambling market. With a such a large population of casual gamblers, it would be an incredibly wise decision for the government to regulate offshore online gambling.
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