The fiery spirit that burns in every Aussie made Australia what we know today! Their adventurous spirit thrives on excitement and adrenaline and is only looking for an opportunity to fuel its lust, where gambling provides the perfect mix of chance, fun, and enjoyment.
Because they don’t shy away from a challenge, Australia is known as one of the world’s gambling capitals, where over 70% of Australian adults gambled in 2022, placing $198 billion in their favourite pastime. But what is the secret to such a remarkable fusion, which is so specific to Australia? We’ll dive right into it below!
1. Rise to the challenge
For a country that explored the Outback, one of the Earth’s most inhospitable deserts, it’s no wonder Australians are adrenaline junkies. Fiery fans of most sports, from the National Rugby League or Australian Football League, Australians like to enhance and spice things up with gambling. By cheering for their favourite team and hoping they win, the extra flavour excites them more than other nations.
Because gambling regulations are not as strict as in other nations (we’ll cover this in a bit), Australians also have more options when they wish to boost and cheer for their sports team, including this curated Techopedia’s shortlist. The decision-making process, analysing strategies, and predicting the best outcome are integrated into their sports-watching ritual, which is why Aussies have such a high percentage of users who enjoy gambling.
2. Innovative industry
From the 2014/2015 statistics, on average, each Aussie spends about $1,172 per year on gambling, and that number is on a constant rise. With such thrilling and demanding players, the gambling industry must follow and accommodate the demand. Australian online casinos are upgraded with the latest visual, and audio and even incorporate AI and cryptocurrencies, making the gaming experience one of the best in the world.
Demand is what pushes innovation, and the Australian online gambling industry revolutionises and sets the standards. AI makes online gambling safe and fair, bringing stricter systems that prevent cheating and allow for all players to have an equal experience. AI can also tailor make games, and offers for each player, allowing each Aussie player to play what he/she wishes at any time.
3. Australian regulations
No industry can thrive if the government imposes strict regulations and laws, preventing it from operating and offering more to its potential customers. Australian gambling laws may be liberal, but they still protect the everyday player and allow for a safe and regulated environment. The Interactive Gambling Act of 2016 has brought many innovations and new regulations, but Australian players can still enjoy horse racing, blackjack, and live poker.
What was changed was prohibiting services of online casinos in Australia, but players have still found a way to enjoy gambling by looking for alternative means. According to that act, local Australian players can still legally play at online casinos in Australia, or worldwide. Each state does have its specific laws, but since gambling is socially accepted in Australian culture, the practice of safe gambling, gambling education, and gambling support groups are also present, creating a healthy economy and mindset for each player involved.
4. Availability
As we’ve previously mentioned, gambling is ingrained into Australian culture, and it’s not uncommon to see it present everywhere. To put this into perspective, the Australian state of New South Wales is only second to Nevada in the world. Of all the poker machines made in the world, 20% are in Australia. So every fifth machine is located on Australia’s soil.
Only the USA and China can compete with the Australian gambling market, and online availability may soon propel Australia to the top.The option to play at any time and any place will allow Australian players to enjoy their favourite games online. Yes, visiting a live casino will always have its charms, but sometimes players need more time and opportunity to visit in person, and that’s where mobile apps come in. Online bonuses, quick transactions, and ease of use are some of the lead factors that drive the Australian online gambling industry. The increase in employment, investments, and social contributions are also some of the gambling industry’s contributions to Australian society.