Everyone in the world knows that Australians are among the most gambling-prone people in the world. Some economic experts have been done and it was found out that Australians spent $208 billion on gambling in 2016-2017. In the following years, this value has only grown. And now it stands at $242 billion.
The total number of gamblers has now been calculated. It should be remembered that all values are approximate and not exact. In 2023, the number of gamblers is 1.5 million people.
This indicates that more than 80 percent of the adult population is involved in gambling. This is the highest percentage of any country where gambling is allowed.
History of Gambling
Gambling has been around for a very long time. Since then the country has been inhabited by migrants from many other territories. As culture and civilization developed, gambling became one of the most important parts of life. In ancient times, 4 out of 5 inhabitants of the country tried gambling and one became a professional gambler.
According to modern statistics Australia can be considered as one of the fastest growing markets for both traditional casino and online casino gaming.
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Gambling Industry Regulation
Gambling is not just casino games but also various types of sports betting which can be done online and on the land. All of the statistics that are given also cover two structures .
Thus, there has been a huge increase in the number of games in 2011. This value increased from 1 percent to 8 percent. Since then, the number of games has never decreased and continues to increase.
The government has always realised that Australians like gambling too much. That’s why they often decided to restrict the games. The Commonwealth now regulates all games that touch Australia.
It’s worth pointing out that Australia is a country made up of states and territories. They are given the opportunity to make their own laws. So each state can make its individual gambling laws.
Part of the gambling industry is regulated by the Australian Capital Territory Gaming and Racing Commission and New South Wales Gaming and Racing Commission, South Australia.
In addition to these authorities, the Northern Territory Licensing Commission and the State of Victoria can be added to the list of regulatory systems.
The Development of Gambling in the Country
Even though gambling has been popular since ancient times, its meteoric rise took place during the advent of the Internet. That’s when online platforms started to be actively created where any player over the age of 18 could try their luck and earn real money.
During the 1990s, the first online casinos appeared and the government began thinking of laws that could regulate online activity. They had to restrict access to the Australian market and figure out how to collect taxes from the operators.
In 2001, the first attempt was made to limit the relationship between the Australian people and the online casinos. The Internet Gambling Act was passed.
But this approach did not help the government reduce residents’ love of gambling. As time went on, more and more international sites appeared. They began to infiltrate Australia as well, where residents were able to gamble and win large sums of money.
In 2017, the government amended a draft law issued in 2001. It stipulated that only those gambling operators with an official licence could provide gambling on the internet. Moreover, the operators had to provide players with a section on responsible gambling, which included various measures to prevent gambling addiction.
Impact of Online Gambling on the Country’s Citizens
Despite the fact that the government is fighting against gambling. But to refer to the fact that the residents are prone to gambling addiction. But this is not true. Gambling addiction occurs in only 2 percent of residents who have predisposing factors. And only 1 percent of gamers develop a difficult stage of addiction.
The government never mentions the positive aspects, for example that gambling is a hobby which can bring not only positive emotions but also real money. Thus, giving players extra income.
In addition, there have been numerous studies that talk about the positive impact of gambling on a person’s mental health. People who regularly gamble are less stressed, they are not aggressive and nervous. Moreover, they are constantly involved in memory, which means that young people will not have diseases such as Alzheimer’s.
Australia is the most lucrative market for the gambling industry. Australians are into gambling, not just because of the money involved, but because it’s a really good way to relax.
For the time being, players don’t have to worry about legality and safety. In order to avoid problems, choose honest online casinos that have an official international license and use modern encryption protocols.