Up to 12% of the state budget can be found in Australia’s gaming industry taxes, which can vary from state to state, and this is the highest percentage among high income countries.
The Commonwealth of Australia is a federal state made up of 8 states and territories. The gambling industry is traditionally regulated by state and territory legislation, rather than by the central government. Operating conditions, laws and official regulators vary from region to region.
The official regulators depending on the territory and the legislation which provides the basis for the regulation of the gambling industry
Conditions for the Licensing of Online Casinos
As already mentioned, licensing in each state has its own peculiarities, conditions and requirements. A number of common requirements and conditions will be highlighted in varying terms in each Australian jurisdiction:
- Provide full cooperation to law enforcement agencies;
- Provide security for money transactions and create a player-friendly environment;
- Ensure personal data is kept secure and confidential;
- Comply with advertising laws. In Australia it is illegal to advertise online casinos and other forms of online gambling;
- Staff members must be accredited and have relevant professional skills ;
- Ensure fair and transparent gaming and discourage any scams or money laundering.
If an institution complies with all the points listed above, it will be legally regulated in Australia.
Online Gambling Market
Australia is the 4th largest gambling nation in the world in terms of the amount of money being spent on online gambling. They total more than 25 billion dollars. More than 80% of Australians over the age of 18 are involved in land or online gambling, 32% of them are involved in casino games. And with a population of 25 million people that’s a pretty huge audience!
According to statistics, Australians spend on gambling, several times more per person than people in other developed countries, about $1200 dollars a year, including casinos and slot machines $1020
The Target Audience at Online Casinos
Australians have been called the world’s most gambling audience. The country has one of the world’s most successful economies, with the sixth highest GDP per capita in the world. The most obvious breakdown is by age of players. Young people play the least, with the 18 to 24 year old segment accounting for 25.7% of players, then 25 to 34 years old for 37.5%, which is much less than half. The highest involvement is between the ages of 50 and 64, with 61.0% of players there and 57.8% of players over 65. Men play more, just not a lot more – 54% vs. 46% of women.
- VALS segmentation: aspiring;
- Income: medium;
- Education: college graduate;
- Residents of small and medium-sized towns;
- Values: family and friends;
- Motivation in choosing goods or services: need-oriented, trust in brands they already know.
It is also worth mentioning that online casino players do not pay taxes on their winnings.
The Future of Gambling in Australia
A lot of the attention of Australian gambling lawmakers has been focused on the regulation of poker gaming machines. Politicians have identified the development of anti-gambling legislation as a priority, and in an attempt to restrict poker games, have developed the idea of introducing “smart cards” that will control the amount a player can spend by setting a limit on the amount of money they can lose in advance.
Under the current conditions, online casinos have generally avoided the intense attention of the Australian legislature, mainly due to the fact that they are beyond the actual purview of Parliament. And because the Government had previously decided not to legalise online poker and in-game betting, contrary to everyone’s wishes, Australian gamblers can continue to gamble online, happy that it doesn’t come under the Interactive Gambling Act.
The Main Payment Methods
Important: Current ones are up to date; this could change in a month’s time.
Visa and MasterCard
The most obvious and convenient method for players. However, you will not get a high success rate compared to other payment methods. Some processors only accept secondary traffic, plus keep in mind that they charge very high commissions.
These types of cards include the UPayCard and Neosurf. The prepaid card differs from bank debit cards in two ways: first, its value is stored in a special general account at the bank, and second, it is mostly anonymous, unlike bank cards.
This is a payment system just for Australia and New Zealand. It works as an intermediary between casino and bank. It’s simple: you don’t have to create a separate account. When a player clicks “make a deposit”, they choose a bank from the list and login to their bank profile. The main thing is to make sure that your bank is available for deposits through POLi.
One of the popular methods. This system allows you to make small deposits, as little as A$5, which explains its prevalence. Owned by Australia and New Zealand Banking Group Limited, which includes four major Australian banks, which gives some confidence. Like POLi, it is only available in Australia and New Zealand.
Almost all casinos offer deposits and withdrawals in crypto. It’s more popular here than in European casinos. Bitcoin is mostly used. The main problems are high volatility and problems with cash-out, both for operators and players.
Which Online Casino to Choose in Australia
A great option for Australians is King Johnnie casino. It was created in 2020 and has been delighting players with high-tech features and new games for the past three years.Developers are working to improve the site.
The platform is officially registered. And you can be here legally. KingJohnnie casino Australia is officially licensed by Curacao. It guarantees the security and control of the platform.
Here you will be surprised by the wide selection of games provided by only the best providers. The total number of offers is 2000+.
In addition, the bonus system is available to all players, not just for newbies .The welcome bonuses offer a gift of up to AU$6,000 and 200 free spins. In addition to these, offers such as Friday Flash, latest games , cash drop , and no cash downs are available .
If you’re new to the game, be sure to try out the unique feature that is the demo version. It allows players to play with virtual money. You will be able to understand the rules and decide on a strategy for free. And once you realise you’re ready for a serious game, you can start playing for real money.