More Australians gamble online
Online gambling is gaining popularity in Australia
, according to new industry data. Online gamblers have more options, but tax revenues are declining. The new figures demonstrate that more Australians gamble online. Australian punters used to gamble in land-based casinos, but now tend to gamble in online casinos.
In South Australia the amount of money gamblers wagered in brick and mortar casinos has declined by €7.27 million in the last twelve months. Profit levels have dropped to the weakest levels in the past six years. This drop in profits is to a certain extent the result of the smoking ban. Nevertheless, industry watchers believe that the drop in profits is mainly caused by the increasing popularity of online gambling.
Online gambling Australia
Furthermore, the rise of online gambling is less beneficial for the government. Less revenues results in less taxes. Most Aussies appear to prefer foreign based online casinos that are excluded from gambling taxes. Online casinos have recently increased advertising. Additionally, the Australian government seeks to decrease the number of poker machines. For that reason, Australian gamblers are almost forced to play in foreign online casinos.
Declining tax revenues
This development has led to declining tax revenues for the government. Australian policymakers are discussing how to curb this development. One of the options concerns censorship
of all foreign-based online casinos that lack a license to operate Down Under.