Australian Online Gambling On The Rise

Australian Online Gambling On The Rise Australian’s enjoy a flutter but their gambling spend seems to be diminishing over recent years and in 2012 fell to $16.9 billion compared to $20 billion in 2010. However, whereas land-based casinos have been losing custom, Australia has seen a rise in its online gambling activities reflecting the wider global trend.
From 2010 to 2011, for instance, Australian spending on traditional gambling activities declined by $1.6 billion, including spending $1 billion less on pokies. By contrast, during the same period online gambling spending, including sports betting, surged $928 million a year and in 2011 reached $1.1 billion. As Jane Ianniello from Morgan Research explains:
“Most forms of gambling have become less popular over the past decade. However, online gambling options are growing in popularity, including sports betting, online casino table games, and online poker machines.”
The difference between the two sets of figures suggest that many players have been lured by the convenience of gambling from home and taken their gambling online. This is an interesting situation considering that online casinos are essentially illegal in Australia. As explained on casinolistings:
“On the one hand it is not illegal for a person to play poker or casino games online, but on the other hand it is specifically illegal for any enterprise to offer online gambling services to Australians..The reality is that the vast majority of online casinos and poker rooms happily accept Australian players as they do not operate under Australian law, and are apparently unconcerned by threat of prosecution in Australia.”
This unusual situation means Australians of legal gambling age continue to wager online and the  Australian online market is now one of the fastest growing in the world. Presently around 480 online casinos operate in Oceania, the vast majority of which are in Australia.

Other news:   Multi-state online poker compact bill introduced in Pennsylvania

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