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Australia is one of the best countries in which to live regarding gambling taxes, as there are no tax obligations to players, whether they win or lose.
Gambling is not considered a profession but a game of luck, so winnings are assumed to balance with losses. In addition, gambling operators, such as casino owners and betting companies, are taxed, so the government deems those the only pertinent entities to pay taxes.
Each state and territory has different rates of taxation, but players pay nothing. Most international casinos have a sufficient number of Australian players to offer AUD options.
Almost every Internet casino or poker site will allow the deposit and withdrawal of funds in AUD, though not all of them offer play in that same currency.
The larger sites, however, will allow a player to choose his or her currency and view their cashier page in AUD, which makes it easier for players to stay aware of their wins and losses without having to use any type of conversion.
One of the reasons behind Australian legislation to try to ban international online casinos and poker sites from catering to Aussies is the fear of little oversight or transparency.
However, most reputable international companies are not only properly licensed, but they also engage in business with oversight organizations like eCOGRA to reassure players that their safety is guaranteed.
Most international online gaming operators must submit to audits by the organization that issues their gaming license. In addition, registration with eCOGRA ensures that regular audits will be performed to continue to offer a seal of approval on their sites.
With the international recognition of eCOGRA as holding a high bar for industry standards, Australian players have grown to trust that cCOGRA-approved sites offer a safe and secure gambling experience.
Any player can research online gaming sites before they play to verify that they are licensed and registered with an oversight organization like eCOGRA.
Most international sites with reputations and many years of experience in the industry have done well in the business because of their attention to such detail and ensuring of Australian player funds.
Each site that offers online casino games not only encryption software to protect player information but random number generators to keep the play fair.
This ensures that each hand is dealt randomly and that slot machine games spin randomly. International sites that have experience in the industry always use these methods, as they are required to obtain gaming licenses.
Players who suspect any type of cheating or unfair play on an Internet gaming site should write to the support staff or customer service of the company.
They can also contact eCOGRA and any other organization that is listed on the site for guaranteeing the fairness of the online casino.
The technicality is that there is nothing in the IGA Amendment Bill that suggest any penalty for Australian residents who continue to gamble at online casinos.
While most of the big casino brands pulled out of the Australian market, there are still several reputable offshore operators who have chosen to continue to service Australian players, and the risk is on them.
Offshore operators who offer online gambling services to Aussies risk hefty fines and punishment, but there appears to be no legal risk presented to players.
There is an allowance to offer online sports and lottery betting and a disallowance to offer online casino and poker betting — when all branch off the same tree, and no research suggests one form is more detrimental than the other.
Land based casinos, pubs and betting outlets operate legally throughout the country, providing strictly regulated spaces in which Australians can place real money bets in real life.
Casino gambling in Australia functions under the Casino Control Act of , adhering to strict guidelines regarding operation, permitting the legal gambling of table games like blackjack, roulette, baccarat, craps and poker.
Licensed gaming venues like pubs and betting outlets like TAB also follow firm regulations to ensure legal delivery of games like pokies, keno, lotto and scratchies.
Along with the Casino Control Act, each venue operates within the individual guidelines set for each state, which you can find below. Brick and mortar casinos like the famous Crown Casino, Star City, Sky City and Jupiters Casino are prime examples of legally run land based gambling venues.
As detailed in the IGA overview, online casinos must adhere to an entirely different set of gambling rules. The problem with the outright banning of online casinos is the land-based casinos retain their monopoly and lack the motivation to employ the many innovations many of these sites have accomplished, such as a much greater variety of casino games on offer than typical casino floors, and easy access to variations that include European, American and French Roulette, Roulette Royale, Live Dealer Roulette, Multiplayer and Multi Wheel Roulette and more.
They have also historically offered more lenient betting options and better odds, with more affordable minimum betting limitations and large maximums for high stakes gamblers.
Thankfully, land based casinos in Australia are starting to recognise the benefits of virtual casino titles, with many brick and mortar casinos now offering electronic roulette and baccarat from within the walls of their venues.
Gambling has always been a heavily debated subject in our country, with many politicians objecting the operation of gambling systems like pokies and calling for nationwide bans of slot machines altogether.
The government stance on gambling laws is heavily based around the promotion of responsible gambling, supporting the notion of gaming venues to partner with counselling services to assist punters with detrimental gambling problems.
In general, gambling is legal in Australia. The land based casino industry is regulated by the Casino Control Act of , which provides oversight on how the casinos are allowed to operate.
The regulatory climate for live betting has always been favorable while the government has less embraced online gaming.
Online Gambling in Australia: At the moment, online gambling sites in Australia are governed by the Interactive Gambling Act. This law made it illegal for online gambling operators to offer real money games to residents of Australia.
Legal Australian Online Casino Sites for Since the Interactive Gambling Act became law in Australia back in the year it has been illegal for any online casino or in fact any type of online gambling site to offer their services by way of advertisements in Australia.
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