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Online Gambling in Australia- Market Snapshot

According to studies, over 80% of Australian adults engage in some form of gambling. This is the highest rate of any country in the world. The Global Betting and Gaming Consultants study shows that residents of Australia spend an average of $866 per year per capita on gaming. This bodes well for players, as casinos and online casinos will spend significantly more in bonuses and promotions to try to acquire new players.

Despite its immense popularity, online gaming is heavily regulated, and the government has placed a lot of restrictions on gaming companies. The important distinction to point out here is that none of these laws are targeted at Australian citizens or online gambling patrons. Playing your favorite casino games online in Australia is completely legal. The government just seeks to protect its citizens by making sure online gaming companies are playing by the rules.

The Wrap – Up

The bottom line here is that online gambling is 100% legal in Australia, and there are plenty of great options for you to play at. Online gambling is heavily regulated in the country but shows absolutely no signs of going anywhere anytime soon.

If you've been looking for a new gaming home and want to take advantage of the comforts and conveniences of online gaming, we recommend checking out a few sites today and giving them a whirl.

Online Gambling in Australia: Legal

At the moment, online gambling sites in Australia are governed by the 2001 Interactive Gambling Act. This law made it illegal for online gambling operators to offer real money games to residents of Australia. However, it left a cut-out for sports betting, which regulated Australian sportsbooks still offer to local punters to this day. In addition, it allowed sites that were already in operation to be grandfathered in, though no Australia-based online casinos or poker rooms still exist today.

At the same time, the IGA did nothing to prevent Australians from playing on foreign-based online gambling sites. This means that online gambling in Australia is legal from the player's perspective, and almost all major online gambling sites around the world actively recruit Australian players for real money play.

The Best Reason to Play- Taxes

We considered putting in a full benefits chart of why you should look into online gambling in Australia, but we decided only to list one benefit because all of the others pale in comparison. Gambling winnings in Australia are taxed at a rate of 0%.

Gambling winnings in Australia are not taxed because the government views it strictly as a hobby and not as a profession or means of making money. They view gambling winnings as a stroke of good luck.

In other countries, patrons are required to pay taxes on all of their gambling winnings. Sometimes the casinos will even withhold part6 of your winnings and send it directly to the government. Not in the beautiful land down under.

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