Australian Government to Research Online Wagering Behaviour
The Australian government has announced it will research the impact that wagering restrictions placed on licensed online sportsbooks have had on consumer behaviour and will fund consultations to explore all the options that are available when it comes to betting restrictions.
The $75,000 investment for research is part of the government’s response to the Review of Illegal Offshore Wagering led by former NSW premier, Barry O’Farrell. The research will investigate the impact that the wagering restrictions applied to the country’s licensed sportsbooks as a result of the review will have on consumers’ behaviour and whether these restrictions are causing punters to turn to unlicensed offshore wagering sites in order to place bets.
The government is currently in the process of implementing key reforms to oppose illegal offshore gambling. This includes cracking down on illegal offshore bookmakers, establishing a significant National Consumer Protection Framework (the Framework) and closing the loophole that previously allowed online in-play betting.
The Framework incorporates a national self-exclusion register for online gambling, a voluntary opt-out pre-commitment program and banning lines of credit that are currently offered by online bookmakers.
“The government is delivering on its commitments to provide Australians with a safer online wagering environment,” stated the Minister for Human Services Hon Alan Tudge MP. “The research findings are expected mid-year and will help determine if betting restrictions impact our wagering industry and provide potential solutions for governments to consider.”
“Alongside this research investment, the government is rapidly implementing key reforms to combat illegal offshore wagering.”
The government is looking to implement the changes with an amendment to the Interactive Gambling Act. Just last week, the Interactive Gambling Amendment Bill passed through the Senate, paving the way for the changes to be implemented by the government.
April 16, 2017