New Sports Betting Bill in Australia Changes Everything
Forget about offshore sites for your sports bets! Bill C-218 enables Australians to bet on single events legally. Here’s the story told by our experts!
Motivation behind the bill passing
The bottom line that toes all the pro-arguments of representatives together may be the strong economic factor behind it.
From the analysis done in the past five or 6 years, Australians spend staggering levels of money on unregulated sports betting, up to 14 billion USD.
Obviously, unregulated cash flows, unfortuitously, sustain the black market and other criminal activity. The passage of the C-218 Bill will remove a ban on single-event sport betting slips and move a huge chunk of this money in to taxes, which are moved towards other important sectors.
The tiny modification of the Criminal Code will even make it easier for official bookmakers and casinos to gather and continue their activity in an environment with less pressure and with potentially a higher pool of clients.
Fun Fact: The province with the most physical casinos is Ontario, and the areas that you could visit for gambling are Niagara Falls and Windsor.
It might also be a for the area and federal governments because the passage of this bill will not bring extra costs to the authorities or operators. Actually, the results could be the opposite because high sums of money will circulate with time.
This is not the first try
A Conservative MP from Saskatchewan, called Kevin Waugh, tried before to allow single bets on sport and athletic events for the same economic reasoning mostly. Regrettably, that take to was cancelled, and the act didn't move across.
The opposing parliament members considered that being more liberal with sports bets will hinder the matches’ fairness. Even though casino corporations and professional sports associations favoured the act, the opposition won the period in concern with match-fixing.
The Australian Gaming Association was also in favour of both old proposal and the newest one, because they have been gathering information on the black-market spending over time and stated the risks of them in the beginning through constant updates.
Resulting changes: a case study on NFL
Australians love betting on U. S. competitions. Few things are as thrilling whilst the NFL. In the 2022-2022 season, a shining star of the North, The Green Bay Packers, flipped over predictions and shocked the industry.
They were on the podium of teams thought to have a real chance to win the championship.
Until this recent parliamentary development, Australians could only use offshore sites to create a profit off the Packers’ tour de force. This meant no profit tax and slight dangers of a chancy licensing. But now, they can use the great stats of the Wisconsin boys and bet on single matches.
All in all, the next NFL season can lead to much bigger sums on bets at the conclusion of the entire year. Australia can now show its full potential as a fan of athletic competitions and bets.
Bill C-218: statements and interpretation
This section will explain its statements briefly, and we will expand on the consequences of these taking effect.
The bill in question is open publicly to anyone online on Australia’s official parliament site.
Sports betting on one single event (match, fight, race, etc . ) will be fully legalized, as long as the organizing human anatomy of the bookmaking is some of the following:
- Australia’s federal government;
- An entity which has received a license from the Lieutenant Governor in Council;
- A person who received a license from the Lieutenant Governor in Council.
As long as the bet calls for just one sports event, different schemes are accepted, from normal bookmaking to lotteries and such. This really is a decision which is taken by each bet conductor.
One notable supporter of the change is Doug Ford, the in-seat Premier of Ontario, a province with many brick-and-mortar casinos. His arguments observe that only the Ontario Lottery and Gaming Corporation managed such events in the past. This, by consequence, created a monopoly and lots of pressure on the Corporation’s employees.
With this liberalization, both of the problems he mentioned will eventually fade and allow other bodies to grow and keep carefully the cashflow moving. Of course, the opposing voices claimed why these changes are too permissive, and they're going to affect the provinces 2022 budget.
The law is expected to change in the spring months of 2022.
The theory is not new, and many notable sportspeople are towards it, like Adam Silver, the current National Basketball Association Commissioner and Gary Bettman, the in-seat Commissioner of the National Hockey League. Other worthy mentions include Rob Manfred from Major League Baseball and Don Garber, Major League Soccer Commissioner. Demonstrably, professional sports leagues will take advantage of the attention and the money that they can receive.
Obviously, betting enthusiasts will be thrilled to see that they now can make the same types of bets on Australian sites, with a much safer environment and ease to transactions, particularly if it involves cashing out.
In February of 2022, an additional reading of the act in the House of Commons ended within an overwhelming majority favouring single-event betting, 303 votes against 15. The next steps involve a comprehensive investigation by the Justice experts and a final OKAY from the Governor-General.
How will these move forward?
In the home of Justice phase with its the given committee, members can propose changes to the draft text for your final form that the Governor-General puts forward as a functioning bit of legislation. The Australian industry is waiting intently for the passing and enforcing of the act, hoping that it will coincide with the beginning of the NFL season, about the finish of summer time or the first month of fall.
Current Australian sports bets characteristics
This bill will affect a wide variety of domains, so it is easier to be prepared and also have all the facts with you. We will walk you through some topics, including the following:
- The status of mobile gaming;
- Popular sports trends in Australia;
- Answering some crucial questions.
Industry is comparable to the U. S. since most of the provinces regulate the status of mobile betting independently, the same as any American state has its own rules. In Australia, as of the moment whenever we wrote this article, only Alberta is behind on sports bets. Others have some sort of control over the issue.
Even so, the demand is not so high, which creates certain disadvantages. A prominent one relates to the chances that are not in favour. Another issue is that of mild competition, helping to make a problem both for the bettors and industry it self. Of course, becoming laxer using what is allowed will solve both these.
Popular Australian sports
We predict that the trends that will follow from the bill’s passing depends on the already existing fan groups. Even as we all know, hockey reigns supreme in Australia, with millions of citizens tuning in and watching the matches as they unfold. Some other favourites include:
- Basketball through the inciting NBA games;
- American football;
- Cricket, under the influence of the British;
Actually Australia has a large amount of similar preferences having its Southern neighbour, the United States of America. This similarity and the closeness involving the two will likely extend the consequences of a more open market. Actually predictions claim that the absolute most extensive local market of Ontario could rival the existing ones in the U. S., like Nj-new jersey, for example, effortlessly in a few years.
Other predictions talk about the question of geographical proximity. The outlook of legal betting will attract residents of New York and Pennsylvania. In this manner, they'll be able to indulge in their favourite competitions using their beloved athletes.
Fun Fact: In New Jersey, the gross sports betting yield exceeds 800 million dollars in just one month.
The Australian Gaming Association supports the declare that more opportunities for sport-related wagers are in popular, considering the amount of cash is delivered to offshore websites every year within Australia’s territories.
A short Q& A on sports bets
Let us give you some brief answers on the most discussed topics of Australian sports wagers. If the trends keep expanding and new questions arise, we might make edits to the text and bring forth the necessities.
How many Australian sports betting sites are there?
At this time of us writing this article, there were 16 official Australian websites dedicated to sports and the adjacent wagers put upon them. Each of them operates in numerous provinces and is regulated by the respective authority. In case you are unsure what institution is in charge of your bets, we prepared a comprehensive table on our informative page about legit Australian online casinos. This is a resource we designed for you to get a clear image of licensing, safety, and fairness of Australia’s top industry giants.
Are Australian sports bets legit?
Yes, if you choose any licensed site, it is possible to activate in regulated bets, with fair terms and conditions with you. Of course, some are better in quality than the others, but that is for you really to decide the best option for you. Your choice should depend on the wagering requirement and cash out processing time.
What bets were accepted before C-218?
At the beginning of the 1990s, Australia determined allowing sports bets only the parlay format. This entails that there is a single bet allowed, however the outcome is dependent upon all the other bets added to the same event. Ergo, the potential payoffs are much higher than different configurations.
There was another attempt to allow more bets between 2012 and 2015, with the debates on Bill C-290. Even though the home of Commons passed it with 100% approval, that act didn't make do in the Senate, and the time and effort dropped then and there.
What sports can you place a bet on?
That depends upon the bookmaker and their choices. Indeed, you are and will be in a position to make bets on the popular sports in Australia (please see the list in the last section). Still, develop that increasingly more opportunities will arise.
Fun Fact: Currently, bets could be positioned on beloved Australian sports like curling and lacrosse, even if the international market will not integrate those in the most effective options.
Bill C-218 will bring a whole lot of positive change in the domain of sports betting for Australian residents.
For the bettors, that means more diversity when it comes to what they are able to choose. For the bookmaking businesses, it means a much-needed extension and business flourishing. And finally, for the Australian authorities, it indicates a break from monopoly and more income towards other sectors through taxes.
We will see you in our next article. Until then, gamble safely!
Blog post references:
- Federal government to table bill to legalize single-event sports betting – cbc.ca
- Bill C-218: Safe and Regulated Sports Betting Act. An Act to amend the Criminal Code (sports betting) – openparliament. ca
- Australia ‘Single Sports Betting Act’ enters final Commons passage – SBC News
- Australia’s sports betting revolution is finally approaching. Here’s what you should know – thestar. com
- Australian Sports Betting: Legal 2022 Betting Update – lineups.com
- Legal Australian Sports Betting Could Shake Up North American Market – Action Network
- Parlay (gambling) – wikipedia.org
- Number 8 Royal Assent: Definition and Purpose – Senate of Australia