Gambling legislation is changing the face of online gambling in Australia. As a result of a 2015 study on illegal internet gambling, the Interactive Gambling Act is being amended. This will facilitate the implementation of stricter gambling regulations. Consequently, some major gambling companies are pulling out of the Aussie market.
How the iPoker Industry is Being Affected by Gambling Legislation Amendments
There is bound to be big changes in the internet poker gaming industry as it will be subjected to eleven amendments on the existing bill. So, gamblers in Australia who especially enjoy playing poker online will have to see what this will mean for them. Aussie gamblers have already bid farewell to 888Poker, which exited in January, and more poker casinos such as PokerStars are also set to leave.
Gambling Statistics in Australia
When looking at the gambling legislation changes, it is also useful to know some things about the Australian gambling market. Below are some of the statistics of the industry in the country.
- Australia is known as the biggest spending population in the gambling industry.
- A staggering 80% of the population is said to gamble on a regular basis.
- Around $21 000 is lost to gambling by one in six regular gamblers.
- The number of annual suicides that are linked to gambling-related problems is estimated at 400.
- Gamblers in Australia spend a whopping $23 billion on gambling a year.
The consequences that Interactive Gambling Amendment Bill will have are yet to be seen. But, gamblers in Australia should buckle up and expect anything. Although some big online casinos are exiting the market, hopefully, there will be ones that will still give players the same great gambling experience. And hopefully, the amendments will be in favour of the many gamblers in Australia who struggle with problem gambling.
To read more on the amendment of gambling laws, read our blog Online Gambling Laws Amended.
To read our 32Red Exits Aussie Internet Gambling Market, click here.