4/13/2022

Online Sports Gambling Wikipedia

Welcome to sportsandcasino.com your home for the best sports and casino action experience in the industry.

Our vision here at sportsandcasino.com is to provide a place where both sports bettors and casino players can have a one stop shop to play in perfect harmony. What makes us stand out from the competition is our experience at all levels of the gaming industry from bonuses to customer service and of course payouts. We have all of the necessary tools to ensure that your experience with us is everything you are looking for. We pride ourselves on treating each customer based on their individual needs therefore ensuring that what you want is our priority.

Most forms of gambling in Japan are generally banned by the Criminal Code chapter 23; however, there are several exceptions, including betting on horse racing and certain motor sports. 2 Public sports, lottery, and toto (football pools) are held under special laws in order to increase the income of national and local governments, as well as. An in-depth look at the sports betting revenue by state in 2018, 2019 and 2020, broken down by handle, hold, revenue and hold percentage in each state that offers legal sports betting in the U.S.

The gaming industry can be a little bit tricky to navigate especially if you are interested in playing both sports and casino. You will be able to play your favorite casino games while you browse our sportsbook which offers some of the most competitive odds in the industry. In the past, you had to make a choice between a sportsbook or casino website. Usually a sportsbook that provides casino games or vice versa but don't specialize in both because that has never been the norm. We are here to change that.

When making a decision on where you would like to deposit before wagering, it is important to understand the overall picture of what type of experience you are looking for. Not all customers want or expect the same experience when wagering online therefore it is important for us to understand how we can tailor your account to meet and hopefully exceed your expectations as a customer. When opening a new account with us, you can receive real time assistance in order to specify what type of player you are.

Are you opening an account to make a single wager on a major event? Perhaps there is a specific league that you prefer to bet means you will only be active during certain portions of the year. If you are only interested in playing the casino that's great but isn't it comforting to know that if there is a sports wager that you like, there is no need to look somewhere else to make that possible. Everything you need is right here at sportsandcasino.com.

Another advantage of having all of your action in one place is the ability to better manage your money. Money management while enjoying gambling entertainment is often overlooked but is integral when it comes to getting the most action for your dollar. Why manage separate accounts when you can do everything you need in the same place? As individuals with real world experience, we understand that being able to shop at one place to get several items is the ideal situation which is why there are supermarkets in every city. We also know that not all supermarkets are created equal which is why we have employed the best online gaming professionals in the industry. Providing a service is one thing, providing the best service is our commitment.

The ability to make deposits and request a withdrawal is fundamental to the online gaming experience. In terms of deposit options, we are second to none. Whether is using your credit card, E-Wallet or Cryptocurrency, we have you covered. We suggest speaking to one of our customer service agents online or over the phone when making your first deposit in order to help you choose the best option for the type of action you are looking for.

Of course you are free to make the deposit yourself online however we do feel that a little bit of advice can go a long way in ensuring you make the correct choice. This applies to making withdrawals as well because there is nothing more frustrating then asking for your money and not receiving it in a timely manner. Our customer service professionals will let you know what is required of you ahead of time so that when it's time to cash out your winnings, there isn't anything required of you which can cause a delay. We would like to provide you with all pertinent information up front therefore ensuring that things happen on your schedule.

Often times in the gaming industry, customer dissatisfaction comes from a lack of transparency. We have implemented the necessary steps with our employee training to make sure that go above and beyond industry standard when it comes to making deposits and requesting withdrawals.

This goes back to our vision for sportsandcasino.com. We don't believe in offering a client options that don't meet their wagering needs. You will be offered the bonus that makes the most sense for you as the customer. If you mostly play casino and you decide to make a single sports wager, you will not be given a bonus that will tie your money up for a long period of time. Make no mistake, you will always be offered all available bonuses as the choice of which bonuses to accept are completely up to you. Our vision of treating customers according to their individual needs means that our gaming professionals will be available to explain to you what bonuses if any best suit your specific needs. You will either choose your bonus based on the amount of money you will receive in return or the amount of action required before being able to cash out. Why make that decision on your own? Those with online gaming experience often times make deposits and withdrawals online without speaking to anyone. For many experienced players, that is the experience they are looking for. We prefer not make assumptions in this regard so we provide this information proactively to all customers unless they specify that they don't need it.

Above all, we pride ourselves in making our customer experience as straightforward as possible. We understand that this is an industry where finding the right fit can be difficult with all of the available choices. With that in mind, we have chosen to focus on the pillars of what makes online gaming so much fun for our customers. Reliable and experienced gaming professionals who will provided you with detailed information that answers questions proactively while also assisting you with getting money in and out of your account in a timely and efficient manner.

Gambling is an activity undertaken by many Australians. Over 80% of Australian adults engage in gambling of some kind, which is the highest rate of gambling in the world.[1] This number includes some 4% of the adult population who play the pokies once a week, accounting for some 62% of locals' annual gambling spend.[2]

Total employment in the gambling industry in Australia (thousands of people) since 1984

Gambling is a significant public health issue, with around 80,000 to 160,000 (or 0.5 - 1.0%) of Australian adults experiencing significant problems from gambling and a further 250,000 to 350,000 (or 1.4 - 2.1% of adults) experiencing moderate risks that may make them vulnerable to problem gambling.[3]

Revenue[edit]

In 2015–16, gambling revenue made up 7.7% of state and territory taxation revenue. The rate was lowest in Western Australia (2.5%) and highest in the Northern Territory (12.0%). Gambling revenue made up 2.5% of total state revenue when other revenue sources were taken into account. The rate was lowest in WA (0.9%) and highest in Victoria (3.2%). Gambling revenue as a portion of state taxation revenue has fallen for all states and territories between 2006–07 and 2015–16.[4]

Total Australian gambling revenue in 2008-09 was just over $19 billion and the share of household consumption was 3.1%[3]

New South Wales[edit]

New South Wales has a long history of gambling; Australia's first official horse racing meeting occurred in 1810 at Hyde Park in Sydney; the first official Australian lottery occurred in 1881 at the Sydney Cup; and registered clubs operated the first legal poker machines in Australia from 1956.[5]

Approximately 95,800 of 'pokies' are in NSW, a state total beaten only by Nevada, which operated 181,109 gambling machines in 2014.[6]

Between 1 December 2017 to 31 May 2018 NSW Clubs made a net profit of $1,945,161,625 and hotels made a net profit of $1,169,040,731 from pokies alone.[7]

Fairfield[edit]

Fairfield had the highest poker machine revenue in the state for 2013, generating $298 million in clubs and $93 million in pubs, from the start of the year to August.[8] This figure is $123 million greater than the combined total of profits generated from poker machines in the City of Sydney.[8]

Hunter Region[edit]

From January to March 2013 poker machines in the Hunter region had a turn over of $4.5 billion, showing an increase of $500 million since 2010.[9] Daily figures show a spend of $12.5 million, working out to be $8682 per minute.[9] The Office of Liquor Gaming and Racing found that Newcastle was the Hunter Regions most profitable location with the 3206 poker machines averaging $44,963 each.[9]The top five most profitable clubs for gaming revenue in the Hunter region in 2010 were:[10]

Online Sports Gambling Wikipedia
  • 1. Western Suburbs Leagues Club (Wests), New Lambton
  • 2. Wests (formerly Club Phoenix), Mayfield
  • 3. Wallsend RSL & Community Club, Wallsend
  • 4. Belmont 16 Foot Sailing Club, Belmont
  • 5. Cardiff Panthers, Cardiff

The top five most profitable hotels for gaming revenue in the Hunter region in 2010 were.[10]

  • 1. The George Tavern, East Maitland
  • 2. Bay Hotel Motel, Bonnells Bay
  • 3. Hotel Jesmond, Jesmond
  • 4. The Lake Macquarie Tavern, Mount Hutton
  • 5. Warners Bay Hotel, Warners Bay

Central Coast Region[edit]

According to the latest figures from Liquor and Gaming NSW there are 4,046 poker machines in 39 clubs on the Central Coast, and 626 poker machines in 29 hotels; making a total of 4,672 poker machines on the Central Coast. That means 2.37% of the total number of poker machines in Australia are on the NSW Central Coast.[11]

Gosford has approximately 1928 pokies, spread across 37 venues. That is the equivalent of one poker machine for every 71 adults. In 2010–11, venues in Gosford made approximately $95,865,000 in profit from pokies. That equates to $700 for each adult member of Gosford's population.[12]

Wyong has approximately 2608 pokies, spread across 35 venues. That is the equivalent of one poker machine for every 47 adults. In 2010–11, venues in Wyong made approximately $123,159,000 in profit from pokies. That equates to $1,000 for each adult member of Wyong's population.[12]

The Central Coast has a higher prevalence of problem gambling than the NSW average. Young men between the ages of 18-24 living on the Central Coast are the biggest players of poker machines in NSW and are the highest risk group for problem gambling.[13]

In 2008 Central Coast Gambling Help carried out a survey of 200 young people aged from 13-24 and found:

  • 96% of people from 18-24 had gambled for money or possessions
  • 62% of those under 14 years old and 77% of those aged up to 17 had gambled for money or items, including mobile phones and MP3 players
  • 25.5% of 14- to 17-year-olds and 55% of 18- to 24-year-olds had lost more than they had intended
  • and 6% under 18 had played a poker machine[14]

Regulatory authorities[edit]

Since the introduction of new gambling services, including online gambling, the Commonwealth has taken a more active role in the regulation of gambling, but the Australian gambling industry is also regulated by State and Territory authorities:[15]

  • Australian Capital Territory - ACT Gambling and Racing Commission
  • New South Wales - New South Wales Office of Liquor, Gaming and Racing
  • Northern Territory - Licensing Commission
  • Queensland - Office of Liquor and Gaming Regulation
  • South Australia - Independent Gambling Authority
  • Tasmania - Tasmanian Gaming Commission
  • Victoria - Victorian Commission for Gambling and Liquor Regulation
  • Western Australia - Department of Racing, Gaming and Liquor

Key legislation[edit]

Traditionally gambling has been legislated at a state and territory level rather than by the Commonwealth:[16]

  • Australian Capital Territory
    • Betting (ACTTAB Limited) Act 1964
    • Casino Control Act 2006
    • Gaming Machine Act 2004
    • Interactive Gambling Act 1998
    • Lotteries Act 1964
    • Pool Betting Act 1964
    • Race and Sports Bookmaking Act 2001
    • Racing Act 1999
    • Unlawful Gambling
  • New South Wales
    • Betting Tax Act 2001
    • Casino Control Act 1992
    • Charitable Fundraising Act 1991
    • Gambling (Two-Up) Act 1998
    • Gaming and Liquor Administration Act 2007
    • Gaming Machines Act 2001
    • Gaming Machines Tax Act 2001
    • Liquor Act 2007
    • Lotteries and Art Unions Act 1901
    • Public Lotteries Act 1996
    • Racing Administration Act 1998
    • Registered Clubs Act 1976
    • Totalizator Act 1997
    • Unlawful Gambling Act 1998.
  • Northern Territory
    • Gaming Control Act 2005;
    • Gaming Machine Act 2005;
    • Northern Territory Licensing Commission Act 2001;
    • Racing and Betting Act 2004;
    • Soccer Football Pools Act 2004;
    • Totalisator Licensing and Regulation Act 2004; and
    • Unlawful Betting Act 2004.
  • Queensland
    • Brisbane Casino Agreement Act 1992
    • Breakwater Island Casino Agreement Act 1984
    • Cairns Casino Agreement Act 1993
    • Casino Control Act 1982
    • Charitable and Non-Profit Gaming Act 1999
    • Gaming Machine Act 1991
    • Interactive Gambling (Player Protection) Act 1998
    • Jupiters Casino Agreement Act 1983
    • Keno Act 1996
    • Lotteries Act 1997
    • Wagering Act 1998.
  • South Australia
    • Authorised Betting Operations Act 2000
    • Casino Act 1997
    • Gaming Machines Act 1992
    • Lottery and Gaming Act 1936
    • State Lotteries Act 1966
  • Tasmania
    • Gaming Control Act 1993
    • TT-Line Gaming Act 1993
  • Victoria
    • Casino control Act
    • Casino (Management Agreement) Act 1993
    • Gambling Regulation Act 2003.
  • Western Australia
    • Betting Control Act 1954
    • Bookmakers Betting Levy Act 1954
    • Casino (Burswood Island) Agreement Act 1985
    • Casino Control Act 1984
    • Gaming and Betting (Contracts and Securities) Act 1985
    • Gaming and Wagering Commission Act 1987
    • Gaming and Wagering Commission (Continuing Lotteries Levy) Act 2000
    • Racing and Wagering Western Australia Act 2003
    • Racing and Wagering Western Australia Tax Act 2003
    • Racing Restriction Act 2003
    • Racing Bets Levy Act 2009

Online gambling[edit]

The Interactive Gambling Act (2001) was passed by the Australian Commonwealth Parliament on 28 June 2001.[17] It received assent on 11 July 2001[18]

The Act is targeted at online gambling operators, making it an offense for them to offer 'real-money' online interactive gambling to residents of Australia. It also makes it illegal for online gambling operators to advertise 'real-money' interactive gambling services (such as online poker and casino) to Australian citizens.[17]That being said, the amount spent on online gaming by Australians reached some $800 million by 2010, according to the official 2010 Productivity Report of the Australian Government.[2]

Accessing and using the interactive gambling services is not an offence. It is also allowed to companies based in Australia to offer their gambling services to gamblers located outside Australia with the exception of those countries that were called 'designated countries'.[19]

Taxation laws on gambling in Australia[edit]

Gamblers' winnings in Australia are not taxed. There are 3 main reasons for that:

  • Gambling is not considered a profession, it's treated as a hobby or recreational activity.
  • The Australian government views gains from gambling activities not as income, but as a result of good luck. Even if someone wins big, they also lose a lot in other gambling sessions.
  • The government taxes gambling operators instead.[20][21]

Taxation of gambling operators in Australia differs from state to state and different gambling services are taxed in a different way. There are taxes on the turnover, on player loss and net profit. As gambling operators need to obtain a license to offer their services, certain fees must also be paid at this stage of gambling business development.[22]

The use of different tax rates and tax bases makes it difficult to compare taxes across states. For example, the ACT's keno tax rate of 2.53% of turnover is equivalent to a tax rate on gross profits of 10.12%.[23]

Tax rates (2015–16)[24]

EGMs in hotelsEGMs in clubsEGMs in casinosKenoTable games in casinos (and keno in casinos in some instances)
NSW0-50% of quarterly player loss, depending on quarterly player loss0-28.05% of quarterly player loss, depending on quarterly player loss (the rate peaks at 28.05% for $250,000-$450,000, then falls to 18.05% before rising to a maximum of 26.55% above $5 million)16.41-38.91% of gross revenue, depending on gross revenue, plus 2% Responsible Gambling Levy on gross gaming revenue8.91%-14.91% of player loss, depending on player loss16.41-38.91% of gross revenue, depending on gross revenue
Victoria8.33-62.53% of monthly average player loss (per machine), depending on by monthly average player loss, times by the average number of machines0-54.20% of monthly average player loss (per machine), depending on monthly average player loss, times by the average number of machines31.57-51.57% of gross gaming revenue, depending on gross revenue, plus a 1% Community Benefit Levy24.24% of player loss21.25-41.25% of gross revenue, depending on gross revenue, plus 1% Community Benefit Levy
Queensland35% of monthly taxable metered win (amount bet minus payout), plus Health Services Levy of 0-20% of monthly taxable metered win, depending on monthly metered win0-35.00% of monthly taxable metered win, depending on monthly metered win30% of monthly gross revenue (Gold Coast and Brisbane casinos), 20% of gross revenue (Townsville and Cairns casinos)29.40% of monthly gross revenue, excluding casino commissions (Jupiters Casino), 20% of monthly gross revenue (Gold Coast and Brisbane casinos), 10% of gross revenue (Townsville and Cairns casinos)20% of monthly gross revenue (Gold Coast and Brisbane casinos), 10% of gross revenue (Townsville and Cairns casinos)
Western AustraliaN/AN/A12.42% flat rate on gross gaming revenue, plus 2% Burswood Park Levy on gross revenue9.37% of player loss (domestic), 1.75% of player loss (international business)9.37% (domestic), 12.92% (fully automated table games)
South Australia0-65% of annual net gambling revenue, depending on annual net gambling revenueUp to 41% of net gambling revenue41% of net gambling revenue3.41% of net gambling revenue (table games), 10.91% of net gambling revenue (fully automated table games)
Tasmania25.88% of gross profit, plus 4% Community Support Levy25.88% on gross profit5.88% of gross profit0.88% of annual gross profit
Northern Territory12.91-42.91% of monthly gross profits11% of gross profit (Lasseters Casino), 15% of gross profit (Skycity Darwin Casino), plus a 10% Community Benefit Levy10% of gross profit, reduced by the GST amountThe GST rate only
Australian Capital Territory25.9% of gross monthly revenue, plus 0.6% Problem Gambling Assistance Fund Levy10.9% of gross revenue2.53% of turnover
Major forms of gambling taxation by gambling type[22]
Forms of taxationGambling Activity
Turnover taxBookmakers (racing)
Bookmakers (sports betting)
Totalisator wagering on racing
Lottery subscriptions
Draw card machines
Keno
Tax on player lossTotalisator wagering on racing
Sports betting
Poker machines in hotels, clubs, casinos
Casinos
TAB sports betting
Keno
Net profits taxPoker machines
Off-course totalisator investment
Licence FeesCasinos
Poker machines
Lotteries
Racing
Bookmakers
Sports betting
Minor gambling (bingo, raffles)

See also[edit]

Online Sports Gambling Wikipedia Articles

References[edit]

  1. ^Bryant, Nick 'Australia in thrall of gambling mania', BBC, 30 January 2007
  2. ^ abAustralian Gambling Habits
  3. ^ abProductivity, Commission. 'Productivity Commission Inquiry Report'. pc.gov.au/. Australian Government. Retrieved 22 January 2015.
  4. ^Fourth social and economic impact study of gambling in Tasmania (2017), Volume 1: Industry trends and impacts(PDF). ACIL Allen Consulting. pp. 57–60. Retrieved 17 January 2018.
  5. ^Australian Institute of Gambling Research. 'Australian Gambling Comparative History and Analysis'(PDF). www.vcgr.vic.gov.au. Victorian Casino and Gaming Authority. Retrieved 29 January 2015.
  6. ^Ziolkowski, S. 'The World Count of Gaming Machines 2013'(PDF). www.gamingta.com. The Gaming Technologies Association. Retrieved 29 January 2015.
  7. ^McNally, Caroline. 'Gambling in Australia'. problemgambling.net.au. Central Coast Gambling Help.
  8. ^ abNeedham, Kristy. 'Punters in west pile money in pokies', 'The Sydney Morning Herald', Australia, 23 March 2014. Retrieved on 10 September 2014.
  9. ^ abcPage, Donna. 'Hunter punters blow $8682 a minute on pokies', 'Newcastle Herald', Australia, 4 October 2013. Retrieved on 9 September 2014.
  10. ^ abPage, Donna.'How the Hunter gambled $4bn', 'Newcastle Herald', Australia, 26 July 2010. Retrieved on 9 September 2014.
  11. ^Office of Liquor and gambin NSW 2018 https://www.liquorandgaming.nsw.gov.au/resources/gaming-machine-data
  12. ^ abMarkham, Francis. 'Who wins big from gambling in Australia'. theconversation.com. The Conversation. Retrieved 29 January 2015.
  13. ^ACNielsen. 'Prevalence of Gambling and Problem Gambling in NSW – A Community Survey 2006'. www.olgr.nsw.gov.au. NSW Office of Liquor, Gaming and Racing. Retrieved 29 January 2015.
  14. ^McNally, Caroline. 'Gambling in Australia'. problemgambling.net.au. Central Coast Gambling Help. Retrieved 29 January 2015.
  15. ^Parliament Library: Gambling Policy and Regulation
  16. ^Australian Gambling Statistics, 1986-87 and 2011-12, 29th Edition, 2004, p. 7.
  17. ^ abInteractive Gambling Act Receives Assent
  18. ^Interactive Gambling Act 2001: Compilation
  19. ^Review of the Interactive Gaming Act 2001
  20. ^Australia’s future tax system - Report to the Treasurer 2009[permanent dead link]
  21. ^Australian Gambling laws: Taxes
  22. ^ ab'Australian Gaming Council: Gamblng Taxes'(PDF). Archived from the original(PDF) on 22 March 2012. Retrieved 3 November 2011.
  23. ^Joint Select Committee on Future Gaming Markets: Final Report. Parliament of Tasmania. p. 146. Retrieved 11 January 2018.
  24. ^Joint Select Committee on Future Gaming Markets: Final Report. Parliament of Tasmania. pp. Tables 6–10. Retrieved 11 January 2018.

Online Sports Gambling Wikipedia Shqip

Australian online casino popular games in Australia online pokies

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Gambling_in_Australia&oldid=992829175'