{"id":207,"date":"2024-06-18T15:31:35","date_gmt":"2024-06-18T12:31:35","guid":{"rendered":"https:\/\/godofgambling.icu\/2024\/06\/18\/australias-internet-betting-losses-could-reach-billions-without-regulatory-overhaul\/"},"modified":"2024-06-20T17:01:28","modified_gmt":"2024-06-20T14:01:28","slug":"australias-internet-betting-losses-could-reach-billions-without-regulatory-overhaul","status":"publish","type":"post","link":"https:\/\/godofgambling.icu\/2024\/06\/18\/australias-internet-betting-losses-could-reach-billions-without-regulatory-overhaul\/","title":{"rendered":"Australias Internet Betting Losses Could Reach Billions Without Regulatory Overhaul"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/YinW94Av_tQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Australias internet betting sector is poised to lose vast sums unless the government intervenes. A recent analysis forecasts deficits ranging from $22 to $23 billion by 2020 if existing online wagering rules remain unchanged. <\/p>\n<p>This research, commissioned by the Australian Gaming Council (AGC) and undertaken by H2 Gambling Capital, also approximates that Australia is forfeiting $1 billion in yearly tax income. The AGC, representing prominent entities like Bet365, Betfair, and William Hill Australia, is pushing for a nationwide regulatory structure that would essentially abolish the prohibition on internet gambling.<\/p>\n<p>Their position is outlined in a proposal to the federal government&#8217;s examination of illicit overseas betting, which encompasses the H2 report. <\/p>\n<p>&#8220;For an extended period,&#8221; states AGC Chief Executive Ian Fletcher, &#8220;Parliament has neglected to adjust to the actuality of how Australians wager in the era of mobile internet and global sports wagering.&#8221; This lack of action, he contends, is pushing Australians towards unlawful offshore providers.<\/p>\n<p>The AGC views this evaluation as a prime chance for Australia to finally align its gambling regulations with the digital era. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australias internet betting sector is poised to lose vast sums unless the government intervenes. A recent analysis forecasts deficits ranging from $22 to $23 billion by 2020 if existing online wagering rules remain unchanged. This research, commissioned by the Australian Gaming Council (AGC) and undertaken by H2 Gambling Capital, also approximates that Australia is forfeiting [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aussie Internet Betting: Facing Billions in Losses?<\/title>\n<meta name=\"description\" content=\"A new analysis predicts massive deficits for Australia\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/godofgambling.icu\/2024\/06\/18\/australias-internet-betting-losses-could-reach-billions-without-regulatory-overhaul\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australias Internet Betting Losses Could Reach Billions Without Regulatory Overhaul\" \/>\n<meta property=\"og:description\" content=\"A new analysis predicts massive deficits for Australia\" \/>\n<meta property=\"og:url\" content=\"https:\/\/godofgambling.icu\/2024\/06\/18\/australias-internet-betting-losses-could-reach-billions-without-regulatory-overhaul\/\" \/>\n<meta property=\"og:site_name\" content=\"Embark on a Thrilling Casino Adventure | Licensed &amp; Trusted\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-18T12:31:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:01:28+00:00\" \/>\n<meta name=\"author\" content=\"Joseph &quot;Jester&quot; Adams\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joseph &quot;Jester&quot; Adams\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/godofgambling.icu\/2024\/06\/18\/australias-internet-betting-losses-could-reach-billions-without-regulatory-overhaul\/\",\"url\":\"https:\/\/godofgambling.icu\/2024\/06\/18\/australias-internet-betting-losses-could-reach-billions-without-regulatory-overhaul\/\",\"name\":\"Aussie Internet Betting: Facing Billions in Losses?\",\"isPartOf\":{\"@id\":\"https:\/\/godofgambling.icu\/#website\"},\"datePublished\":\"2024-06-18T12:31:35+00:00\",\"dateModified\":\"2024-06-20T14:01:28+00:00\",\"author\":{\"@id\":\"https:\/\/godofgambling.icu\/#\/schema\/person\/10155130defd671ba2aaa51237d1bec3\"},\"description\":\"A new analysis predicts massive deficits for Australia\",\"breadcrumb\":{\"@id\":\"https:\/\/godofgambling.icu\/2024\/06\/18\/australias-internet-betting-losses-could-reach-billions-without-regulatory-overhaul\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/godofgambling.icu\/2024\/06\/18\/australias-internet-betting-losses-could-reach-billions-without-regulatory-overhaul\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/godofgambling.icu\/2024\/06\/18\/australias-internet-betting-losses-could-reach-billions-without-regulatory-overhaul\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/godofgambling.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Australias Internet Betting Losses Could Reach Billions Without Regulatory Overhaul\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/godofgambling.icu\/#website\",\"url\":\"https:\/\/godofgambling.icu\/\",\"name\":\"Embark on a Thrilling Casino Adventure | Licensed &amp; Trusted\",\"description\":\"Unlock the secrets of casino success with our comprehensive news, in-depth game reviews, and informative articles. 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