How big is the online gambling industry in Australia?

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If we take recent surveys and figures, the Australian gaming market is growing. Due to the significant proliferation of new sites, providers and online platforms, the country offers significant investment and income.

The online market has become a major hotspot for billions of business dollars from 2019, 2020 and onwards. The pandemic has propelled it to more than twice as much. There are hundreds of websites today that offer video slots, poker, live casino, card games, roulette, sports betting, and more.

We’ll learn more about that in the sections below.

Main driving factor

The main advantage of these websites comes from home entertainment, betting, real money profits, etc. Due to the inflation of the average individual’s income during the pandemic, and even before, the Australian market has seen steady growth between 2015 and 2020. During the same period, other avenues have not experienced such rapid growth. The various surveys further conclude and project that they are expected to grow at the same rate, if not faster, during the period 2020-2026.

For this reason, many companies are making huge investments to provide quality entertainment and real money betting opportunities. Websites thrive with heavy promotions and unique marketing campaigns. It is an ordinary site today to find a 100% welcome bonus or a first deposit bonus for new players and new players.

Major factors include.

  • Major internet penetration in markets, even in rural and suburban areas.
  • Availability of global home game quality.
  • All devices playing even from a simple smartphone with an internet connection.
  • No need to travel anywhere, which saves a lot of logistics money.
  • The younger generation who don’t have access to bars and casinos can now also have fun.

What is Online Gambling?

Also known as electronic gambling, it is the process of placing bets using an online bookmaker. Because betting shops, game companies, and companies offer a wide variety of opportunities under one platform unlike conventional casinos, it is a much larger market. Online betting has many advantages.

  • You don’t have to go to a casino. All you need is one online account to play thousands of games.
  • You can connect to any website and play games from various global providers. You can place bets with great flexibility.
  • You don’t have to go out and enjoy everything on any device you want, be it a laptop, tablet or smartphone.
  • With this facility, you can play anytime and anywhere, even while traveling.
  • Plus, with global access and online entertainment, you have a wide range of payment options that are never available in a land-based casino.

Because of these benefits, the possibilities are truly limitless. It was never a reality before and it made it flourish in Australia. In fact, some of best online gambling sites australia are full of beginners. The income levels of the younger generation help them come here easily. This is in addition to the large number of daily active users. These on-the-go users are helping to push the market to new levels.

Growth statistics

Because the gambling market has been growing steadily since 2015, we have enough numbers to back up the facts. For example, 2019 surveys show the peak online gambling turnover in the billions. The Queensland Government calculates this figure at 225 billion AUD in 2019. The same figure increased by 78% in 2020 and 2021, during the pandemic, when everything came online. Betting has also become a major pastime and source of income.

It includes all gambling categories like lotteries, football, esports, horse racing, live casino, baccarat, poker, slots, etc. If we take the major regions that have contributed to this growth, we find the following in the first ranks. Western Australia, Australian Capital Territory, New South Wales, Victoria, Tasmania, Queensland and South Australia as well.

In 2019, just electronic game machines or EGM contributed over AUD 181 billion. Thus, land-based gambling was also at high levels before the pandemic, showing the upward trend on the continent. Websites like Joe’s Fortune, PlayAMO, AussiePlay, Woo Casino and Ignition are some of the top and best online casinos according to current rankings.

Interactive and online game

There are loads of providers online today and making sure you are playing on a legal platform is key. Because interactive gambling and online gambling are full of such cases where many casinos do not have a license, it can also be fraud or deceiving customers by delaying or not concerning not their earnings. So choose only licensed gambling partners.

According to the ACMA, Australian Licensed Interactive Gambling is an authority that all platforms must register with, so check the casino before signing up. Also, AMCA or Australian Communications & Media Authority offers these licenses and rules. Before enjoying the services, make sure that these online casinos advertise these licenses. Those not based in Australia might not have these licenses and therefore become illegal. Thus, online gambling carries many risks if it is illegal.

More importantly, you have a high chance of losing money. These don’t offer customer protection and that’s a great thing. In addition, there may be theft of confidential information during online transactions. These companies may refuse to return deposits, refuse to pay out winnings, etc., as mentioned above. You must always log in from Australia and not change countries to play at these casinos.

Conclusion

In summary, it can be noted that the online gambling market is at its peak and is expected to grow further. For this reason, the Australian market is seeing an increase in websites and online casinos. So, players, especially newbies who make up a large percentage, should check properly before signing up. To avoid unpleasant experiences, always check licenses and play at Australian-based online casinos.

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