The size of Australians' spending indirectly indicates this. On average, each local player spends $1300 a year on betting and online casinos like FairGo https://50-spins.com/review/fair-go-casino/. And given the size of the continent's population, there are quite a few such players in the country. About 80% of Australian adults gamble at least once a year. Nearly 7 million Australians - about 39% of Australia's adult population - regularly spend money on at least one type of gambling each month. The average age of an active player is 39. They tend to be men with an annual income of around $100,000. All this makes the region attractive for online business.
Australia has only 0.3% of the world's population. At the same time the country hosts 6% of the world volume of standard slot machines and 18% of poker machines. In terms of the number of machines per person, Australia is on a par with the casino countries of Monaco, Macau and the Caribbean.
How to get an online casino license in Australia There are a lot of requirements for those wishing to obtain a local license. From cooperation with local law enforcement agencies and maximum security for financial transactions to accreditation of employees. Casinos with a license pay sales tax and net profit tax. In addition, there are regular licensing fees. Conditions may vary from state to state. It is getting a local license while out of the country is extremely difficult. It is better to enlist the support of a local intermediary company. But even that is no guarantee of getting a license.
Market Prospects Despite such strict restrictions, the illegal market for mobile and online gambling in Australia continues to grow by leaps and bounds. Experts estimate it has quadrupled from 2013 to 2019, reaching $1.4 billion. And this is a completely illegal turnover. From which the state budget under-receives at least $300 million annually. Most of these illegal bets go to the accounts of offshore bookmakers and online casinos.
According to various estimates, the legal turnover of local operators in 2020, according to various estimates, will exceed 6 billion dollars. However, some regions are already declaring war on slot machines, so the share of legal gambling in Australia may decline soon. At the same time, the shadow sector will continue to grow.
Bottom line Australia is an attractive market for online gambling. The local population is very gambling and at the same time, has high incomes. Players actively use the Internet and mobile applications. But it is possible to work in this market only illegally, being aware of the possible consequences.
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