Gambling is one of the most prevalent forms of recreation around the world. Citizens of some countries cannot imagine their life without poker, slots and sports betting. Each year, ratings of countries are compiled, the population of which shows the greatest interest in gambling.
It is generally accepted that Australians are the most gambling nation in the world. Annually, $1300 is spent on gambling by Australians.
The UK operators Paddy Power, William Hill, Ladbrokes and Bet quickly realized the potential of this market and were licensed to develop this industry in Australia with a focus on sports betting. 46% of Paddy Power’s operating income comes from customers in Australia.
If you are wondering why Australia is considered the leader of gambling in the world, it is worth giving attention to the quite high living conditions of the local population and the availability of gambling entertainment.
Some interesting statistics:
- On average, a player spends about $18 per week.
- 80% of men and women gamble at least once a year.
- 39% of the adult population — 7 million — regularly spend money on at least one type of gambling every month.
- Men are the main audience in offline gambling. Their share is 62-77%.
- The audience of online gambling is divided approximately in half: 54.2% — men, 46.8% — women.
Regulations and laws
As in any other large civilized country, the gambling business in Australia is completely legal, however, there are quite strict regulations.
In fact, Australia has one of the strictest codes and regulations regarding gambling. The government has developed rather strict regulations and laws to protect the rights of its citizens and replenish the country’s budget through taxes on gambling activities.
In order to obtain a gambling license in Australia, you first need to understand and study the laws of Australia and each state separately. The main law that regulates gambling is the Interactive Gambling Act, passed by the Parliament of the Commonwealth of Australia in 2001.
We can outline the general features of the requirements for applicants to get a gambling license in Australia. The licensee is obliged to:
- Cooperate with law enforcement agencies;
- Monitor the safety of financial transactions;
- Limit the flow of funds (to avoid money laundering);
- Recruitment of personnel must be carried out on the basis of an objective selection of candidates. All employees must be accredited;
- Also, the licensee must keep personal information about users and worry about confidentiality.
Australian Gambling Tax Laws
The most tempting thing is that taxation in Australia does not apply to winnings, regardless of whether you received them on online platforms or in land-based establishments.
What do Australians like to play?
If we consider the most popular gambling games in Australia, then it is worth highlighting roulette, craps, poker, blackjack and baccarat.
Cricket has been popular in this country for almost 200 years. Bets on baseball are also wide-spread. Since 1990, bettors have been betting on the Australian baseball league.
Considering the most trending gambling games, it is worth highlighting video slots. Australians are very fond of slot machines. According to statistics, every third person has tried his luck at least once in this interesting gambling game.
Betting in Australia is also quite popular. At the same time, bettors in this country make bets both on national championships and on world championships and foreign tournaments. Australian football is their favourite sport.
Online gambling is the fastest-growing gaming market in Australia. Annual market growth is 15%. The mobile gambling market has quadrupled over the past years. For example: in 2012, the share of players placing bets on mobile was 5.6%; by 2018, the share had grown to 22.7%.
Bets are actively established on various types of sports activities. You can find a bookmaker that suits you and place a bet on bestbettingwebsites.com.au.
Gambling only continues to develop, and quite rapidly. To match all the desires of players, the creators of gambling are looking closely at the behavior of their audience, looking at the reaction to any changes.