“Is online gambling legal in Australia?” is the most common question our visitors ask regarding online gambling Australia. It is important to know online gambling Australia laws if you are residing in Australia and taking part in online gambling.
Gambling in Australia has always been very popular and it is a favourite pastime for many Aussies. Around 80% of Australian adults engage in gambling of some type, which is the highest in the world.
Online gambling Australia is regulated under the “Interactive Gambling Act” passed in 2001. This law prohibits offering and advertising real money for interactive gambling services to Australian citizens.
These restrictions are for Australian gambling operators in terms of what they can or cannot do, while citizens are permitted to gamble online with their money. The law allows most forms of gambling to Australians throughout the country. Government restrictions under the Interactive Gambling Act have a limited effect on individual gamblers, however. The idea behind this law was to stop the companies from providing online gambling services, rather than banning Australian citizens from using them.
This law was passed to protect Australians from the dangers of online gambling. Violation of the above law carries a fine of $220,000 individually and $1.1 million per day for gambling companies.
However, there are lot of foreign operators that offer gambling services to Australians and technically speaking, they are violating the Interactive Gambling Act. The government has claimed that they will look into the matter to protect its citizens.
Gambling, on a whole, is a major source of revenue for the government. There are lots of licensed operators that offer gambling services to Aussies.
On an individual level, there is no restriction on online gambling in Australia. It is perfectly legal if you want to engage in online gambling. There are plenty of foreign sites that accommodate Australian citizens and provide a variety of online gambling services.
One drawback of the Interactive Gambling Act is that the sites that are not regulated and licensed in Australia. If any issues arise or you feel that you have been mistreated, you will not get any recourse from the local authorities.
One major and common issue that has risen from time to time is the delay in payouts. One good way to counteract this is to go with large and relatively well-known operators. Good online gambling sites normally pay out in two days.
Before depositing money with an online gambling site, make sure that it is reputable and comes highly recommended. Other important factors to look for is security and safety, software technology and the variety of games offered.
The online gambling Australia industry is regulated at two levels, state and federal.
The commonwealth or federal government cannot bypass rules set by the state and work in conjunction with each other.
Regulating the online gambling industry has been a challenging task for the government, as there are a large number of overseas operators. To get them all under jurisdiction is near impossible. There is a realization within the government that more needs to be done to protect Australian citizens from the dangers of online gambling.
However, a vast majority of online operators have ignored the law since they are running their businesses overseas. In 2012, the government decided to look into the law and find ways to legalize and enforce it due to popular demand. This was also important in order to have an additional revenue stream, as it was estimated that billions of dollars will be gambled on more than 2,200 online sites.
On an individual punter level, it is completely legal to engage in online gambling in Australia. But it is also important to engage in gambling responsibly, as it could have a detrimental effect on your personal and social life.