The topic of online gambling in Australia has been heavily debated for years. Many players are unsure whether or not it is legal for them to play at online casinos if they are located within the countries borders, and it is important for them to understand the laws regarding online gambling for Australian residents.
In 2001, the Australian Government passed the Interactive Gaming Act (IGA), which seeks to protect players from the potential harmful effects of online gambling. Interestingly, players are not prosecuted for playing at online casinos under the act. Instead, it is illegal for online gambling operators to offer their products and services to players in the country. Operators are also restricted from advertising their products to individuals in Australia.
There are a few exceptions to this law, however, as sports betting is actually allowed. Residents of Australia can wager on sports via online gambling websites and the operator is not breaking any laws by allowing them to do so. There are a few restrictions, as players cannot wager on games taking place in Australia or participate in live betting.
These laws apply to all online gamblign operators around the world. Whether they are based in Australia or in another country, operators must abide by these rules or face strict penalties. Per individual, online casinos must pay a maximum of $220 000 or $1.1 million per company.
Currently, the Australian government has requested that the IGA be reviewed, and players are hoping that his means operators will be allowed to offering their services to Australian residents. The review will look into the approaches taken by other countries to legalize and regulate online gambling. It will determine whether or not these methods will be useful to the Australian online gambling market. Additionally, the review will also take a look at how adequate the current provisions outlined in the IGA are. It will determine whether the IGA outlines suitable technical, operational and enforcement provisions.
News of the review is a positive sign that online gambling could be legalized in Australia in the near future. If this is the case, international and local-based operators would no longer face penalties for offering their services to players across the country.
This would also mean that the Australian government would regulate the activity, making it safer for players to place wagers at a wide variety of online gambling websites. Regulation would also require gaming operators to pay taxes to the Australian government, a provision that has previously been overlooked. Should the Australian government choose to regulate online gambling, it could stand to make millions in government tax revenue.