The only country in the world that covers an entire continent boasts a highly developed gambling industry. Do you want to know more information about gambling in Canada? You will find it in the article.
The activity of the online casino’s industry
More than 80% of all Australian adults participate in some form of gambling. As the inhabitants of the country themselves joke that they are a nation of players, because what else could their ancestors do on ships while sailing to Australia from Europe. Australians use PlayAmo Australia and other popular online casinos to meet their gambling needs
According to statistics, Australians spend on gambling several times more per capita than citizens of other developed countries, about $ 1200 per year.
Nearly 7 million of Australia’s adult population regularly spend money on at least one type of gambling every month. The average age of an active player is 39 years.
According to available data, by the end of 2020, the revenues of operators of the Australian gambling business may exceed $ 6 billion.
Regional gambling commissions
Australia does not have a single regulator responsible for gambling licensing. 8 commissions have been created, each of which controls gambling in a certain region:
- metropolitan area;
- New South Wales;
- Northern Australia;
- South Australia;
- Western Australia;
Most of these departments combine several functions. They control not only the gambling business but also the sale of alcohol, races, bookmakers, etc. Regulatory requirements vary, so entrepreneurs interested in obtaining a license in Australia should decide in advance on the territory where the casino will be registered.
How much gambling brings to the country
Government income from gambling in Australia varies from state to state, but the average is 10% of the budget. To the treasury of the state of Victoria, where gambling is most popular, the gambling business brings in 13% of profits annually. In contrast, gambling royalties account for only 4% of income in Western Australia. This is because many types of gambling are still prohibited here. Player winnings are not taxed in Australia.
Operators of gambling are forced to follow the legislation of each specific state since the taxation in them is different. Tax rates for different types of gambling also vary. Gambling operators pay fees upon obtaining a license, as well as taxes on turnover, player loss, and net income.
Despite these stringent restrictions, the illegal mobile and online gambling market in Australia continues to grow at an exponential pace. According to experts, from 2013 to 2019, it quadrupled and reached a volume of $ 1.4 billion. And this is completely illegal traffic. From which the state budget loses at least $ 300 million annually. Most of these illegal bets go to offshore bookmakers and online casinos.
However, some regions are already declaring war on slot machines, so the share of legal gambling in Australia may decrease soon. While the shadow sector will continue to grow.
Australia is an attractive market for online gambling. The local population is very reckless and at the same time has a high income. Players are actively using the Internet and mobile applications. But it is possible to work in this market only illegally, being aware of the possible consequences.