Australia has long been familiar with its intense love for all types of sports betting. The Australian Government has always had a relatively moderate approach to betting and gambling, unlike other restrictive regimes of some countries like the United Kingdom or America. Do you know how sports betting in Australia began? Let's discuss in detail:
The first organized gambling event in Australia was horse racing, and it took place at Hyde Park in 1810. In the 19th century, horse racing had grown in popularity, and people from all over the country came every year to bet on this event. In the early 1930s, the invention of the radio and the telephone opened the door for many illegal bookies to initiate profitable operations. At the end of the 1970s, sports betting had set off one of Australia's most famous types of gambling.
Sports betting in Australia spread over the last century, and now it is considered one of the most demanding games among others. However, it was difficult for other people to enjoy sports betting due to cost and distance. This all changed with the extension of the internet and the entry of Australian betting sites. The gambling business in Australia estimated roughly 22 billion dollars in profit, representing a substantial profit margin for bookmakers and casinos.
However, sports betting was banned in Australia until 1980, but it did not stop Australians from betting. Nowadays, an Australian gambler has attained a lot of skill sets and experience in sports betting, and a total of 6.8 million Australians are supposed to bet regularly.
Rules and Regulations:
All participants in online gambling in Australia must be at least 18 years old, and this legal gambling age is the same across the country. Further, Australia doesn't apply tax on profits from online sports betting, making it a fascinating place for gamblers. Gains from gambling sports are not categorized as income by the Australian Government but rather as a repercussion of chance.
Australia has the largest bookmakers, including William Hill, Sportsbet, and Unibet. The first licensed bookmaker of Australia is Sportsbet, and it was established in 1993. These Australian online bookies offer various betting options and benefits, such as free bet bonuses and promotions. Unibet is ranked the most famous and largest bookmaker in Australia and many other countries worldwide.
Australia is famous for sports betting around the globe, and it has made progress compared to other European countries. Australia gives online data, news, tools, and other resources for gambling enthusiasts. Moreover, there are no legal restrictions on gambling by the Australian Government. Here in this article, you have learned about Australian sports betting history, its rules, and how it became most popular.