Gambling in Australia
Gambling is legal in Australia and Australians are the biggest gamblers in the world. According to the latest research, a resident of the Green Continent spends 1300 dollars on gambling per year, it is more than in any other country. Australia has the highest concentration of gaming machines. In total, the country has 18 casinos and about 21 thousand slots. The gambling industry brings $20 billion with a population of about 20 million. Gambling was imported to the country with its first settlers. It has established as one of the best entertainment in Australia.
Gambling is a constant source of government income. However, there are many talks about the adverse effects of gambling entertainment in modern Australian society and the ways of solving the social problems caused by playing games of chance.
Tote Horse Racing was the first form of organized gambling. By the end of the XIX century it became the most popular national pastime. Trotting and Greyhound Racing also attracted the most ardent fans. However, it has never been as popular as the traditional horse racing. Wagering or betting, was closely linked with local bookmakers. By the 1890s, the tote was presented at racetracks in several states, which increased the race attendance and interest rates. In 1970s betting and wagering became the most popular form of gambling in Australia, bringing huge profits to the state in the form of taxes.
Australia is one of the countries with the highest rate of income from betting, which is $7.3 billion. The horse races, where you can make your bet, are held every weekend. Almost all pubs have the opportunity to bet on the horses or other competitions without getting up from the table. In small towns the organization of the race has become a real holiday for the residents, because it is held once in a few months, or even once a year.
Sport Betting was forbidden by law, but this did not prevent Australians to bet on cricket, football and other sports. Sport betting was allowed only through the licensed bookmakers. The first sport betting online was legalized in 1996.
Lotteries: The first lottery was established in 1880 and carried out by a private company Tattersall’s. It was the only private lottery in the country. “Golden Casket” was the first government lottery. It was organized in 1916 to raise funds for veterans of World War I and other charitable and public purposes. In 1993, as a result of the agreement with the NSW Lotto has established a national network of bingo. In 1980s, the popularity of the lotteries, especially bingo, was so high that the cost of lottery products exceeded the cost of rates. Although the income from lotteries continued to rise, the competition between casinos and slots in the 1990s led to decline of the lottery industry.
Pokies: The first legal poker slots were allowed in the clubs of New South Wales in 1956. Its residents immediately fell in love with these machines. People were spending huge amounts of money on slots. Thus the clubs were able to significantly increase its assets and the number of members. Slot games in the clubs were legitimate. According to the inside pokies research by Casinority, Australian slot machines have already conquered the world.
Casino: In 1970s Australian laws on gambling banned all other types of gambling, and all games related to the casino. Nevertheless, despite the authorities’ attempts to eradicate some gambling games, they still flourished. Casino industry was too hard to control, that is why it had a destructive force in society. The reason for the opening of commercial casinos was the desire to speed up the development of tourism. Casino games immediately gained immense popularity among the population. Casinos became a legitimate pastime, loved by many Australian residents as well as foreigners.
Online Gambling: In 2001, the Interactive Gambling Act was passed in 2001 by the Australian government. They forbade online roulette, blackjack, poker. But the Australian companies can offer their services to the citizens of other countries. Thus Australian gamblers can become the clients of the foreign operators.