Playing Online Casinos in Australia: Everything You Need to Know
Australians are renowned worldwide for their gambling habits. According to statistics, Australians spent around $208 billion on gambling activities in 2016-17. This figure multiplied to nearly $242 billion in the following years. Currently, the number of Australians participating in casino games in 2020 is predicted to be around 2.3 million, constituting a massive 80% of the total adult population, the highest percentage for any country.
The history of gambling in Australia dates back to its early days as a settlement for migrants. Gradually, as the Australian population grew and its culture emerged, gambling became one of the most popular pastimes for the people. Today, as indicated by the aforementioned statistics, betting site australia is considered one of the largest casino gaming markets, whether online or offline.
Given that Australia is one of the largest gambling markets globally, it makes sense to shed light on some details about its gambling industry. This informative article aims to provide readers with an overview of every small detail about Australia's gambling industry that one needs to know.
Regulating Australia's Gambling Industry
Australia's gambling industry encompasses online sports betting, online casino games and offline betting, and casino gaming. The statistics mentioned above cover the entire gambling industry. In 2011, the rate of online casino gambling increased from 1% to 8%, and to this day, this rate is alarmingly rising.
Due to Australians' love for gambling, their government has been regulating their gambling habits since the beginning. Currently, Australia's casino gaming industry is regulated by the overarching Commonwealth. Its parts are regulated by states and territories, including the Australian Capital Territory Gambling and Racing Commission, the Independent Gambling Authority of South Australia, and the Office of Liquor, Gaming, and Racing of New South Wales. In addition to these institutions, the Northern Territory Licensing Commission and the Victorian Commission for Gambling and Liquor Regulation are also included.
The Rise of Online Gambling in Australia
The early 2000s witnessed the surge of online gambling in Australia, prompting the Australian government to devise ways to tax online gambling websites to generate revenue. Initially, the Australian Commonwealth Parliament attempted to limit the interaction of online websites with Australian players by passing the Interactive Gambling Act 2001.
>> See more: Top 10 best bookmaker free bets shared by experts.
However, this strategy failed as Australians' love for online gambling continued to soar, and international online casinos found their way into their homes. Consequently, in 2017, the Australian government amended the Interactive Gambling Act 2001 to allow online gambling websites a grace period after licensing. The amendments also included allowing more options for players to opt-out of online casino games whenever they wish and ways to prevent gambling addiction.
Over time, online casino games have become quite popular in Australia. Online casinos offer slot machines, poker, video poker, and all sorts of casino games that can be played from anywhere with ease.
Top Online Casino Websites in Australia
The Australian online casino gaming market has become saturated, but players need to know which online casinos they should and should not trust with their money. Below is a list of the top online casinos in Australia. This list is based on attributes such as deals and bonuses, friendly and accessible customer support, variety of games offered, entertainment, compatibility with all types of devices and software, and the security of currency transactions.
All of these casinos offer live dealer games, poker, blackjack, roulette, baccarat, craps, keno, bingo, pai gow poker, let it ride, and 3-card poker. Additionally, all of these websites are easily accessible on mobile devices and desktop/laptop computers.
Another reason why these 5 sites stand out compared to the rest of the online gambling websites is that they have a minimum deposit threshold and allow players to gamble with a small deposit of just $10.
Since real money is involved in online casinos in Australia, safe currency transactions are a major concern. The websites listed above provide secure currency transactions and easy withdrawal options. Their financial issues are addressed with the cooperation of companies such as Visa, MasterCard, Skrill, Bitcoin, and Neteller, all of which support their payment methods, thus giving players the confidence to participate in the interactive gambling world without hesitation.
Online Casinos to Beware of
Just as a list of the best interactive gambling websites has been compiled, similarly, some of the worst gambling websites have also been listed here. They include Lake Palace, Vernons Casino, and Orange Gamez.
These websites have been blacklisted due to their scam rates and unfair casino gambling rules. Their payout rates are nowhere near the standard, and they are simply fraudsters. These websites do not provide real-time support for new gamblers and lure them into their traps by making people post fake reviews about them.
Impact of Online Gambling on Australians
While the online gambling industry is booming in Australia on one hand, on the other hand, it is negatively affecting the lives of the public. Despite all the efforts of the Australian government to avoid gambling addiction, Australian adults are falling into the endless cycle of interactive gambling, thereby affecting their social lives.
These websites contain resources and provide support for those seeking help to overcome gambling addiction. These websites and helplines can also be accessed by family members or friends of a gambler in case they want to report the gambler's issues.
An overview of Australia's gambling industry and its statistics shows that Australians not only have access to local gambling websites but also international online casinos. While the Australian government is making every effort to regulate the gambling industry and save their people from gambling addiction, the reality is that online gambling is negatively impacting the minds and behaviors of Australian adults.
According to statistics, Australians lose nearly $25 billion annually to their gambling bet bookmaker , which is a significant amount of money. Although the top gambling websites listed here are the best in treating everyone fairly and supporting behavior, much more needs to be done to quell the online gambling craze.