If your business is involved in online betting, it is important that you keep up to date with the constantly changing landscape. Over recent years, online betting via mobile apps has become increasingly popular as well as betting throughout live sporting events. A heightened awareness of gambling problems provided the impetus for state and federal governments to review current gambling legislation and the impacts on both problem gamblers and the Australian betting industry. The effect of overseas online gambling sites on the national betting landscape was also a factor in bringing forward legislative changes.
Current Online Betting Regulations
The Interactive Gambling Act 2001 (Cth)(IGA), as well as each state and territories betting laws, regulates online gambling in Australia. The IGA came into force in 2001. Betting laws in Australia can be confusing and difficult to understand as each state has different regulations regarding online and offline betting. This can be particularly tricky if you are running an app or website that has national reach. The Interactive Gambling Act 2001 (Cth) bans interactive gaming in Australia, with some exceptions. There are also some bans on advertising interactive gaming to consumers in Australia.
Ban on Live Betting in NSW
The NSW government recently announced legislation that affects live betting, including in-play betting. The changes are in response to concerns about a consumer’s ability to place bets during play, resulting in bets placed during the heat of the game without adequately considering the consequences.
Need to Know: The Ban on Live Betting in NSW
- The new ban will come into effect on 1 March 2016.
- The measures will affect television and radio advertising however there is an ongoing review into online gambling, so how this will relate to online gambling is not yet clear.
- The ban relates to games of play that are under 4 hours.
- The maximum penalty for a breach is $5,500.
Online Betting Review
The federal review into online gambling and the IGA was announced earlier this year in September 2015. Former NSW Premier Barry O’Farrell will oversee the review, and will focus on overseas gambling sites. One the primary concerns raised is that current Australian laws cannot regulate these overseas betting sites, and this could affect the Australian betting industry. The government will provide a response to the review in December 2015.
Australia’s betting landscape is rapidly changing. If you have concerns about the new betting legislation and its potential effects on your business or new business idea, please get in touch. LegalVision’s experienced lawyers can help you understand these new changes and how they relate to your business.
Questions? Give us a call on 1300 544 755 and speak with one of LegalVision’s commercial lawyers about live betting regulations. We speak your language and can help you distil exactly what these regulations will mean.