The Australian government officially passed a bill outlawing the use of credit cards for any form of online gambling activity. This is much to the horror of thousands of Australian gamblers as this is effective immediately. This means the country currently allows online gambling mostly at sportsbooks and lotteries, but not yet at online casinos.
Most Australian citizens and lawmakers anticipated and welcomed the move. The country’s local and foreign gambling markets continue to grow, despite some controversy. Entertaining online platforms are plentiful. By the end of the previous year, the Australian gambling industry was worth over 20 billion Australian dollars. The result of this is an outstanding uptick in online gambling rates with the local population. The risks of gambling on credit were severe. They led to the previous bill passing easily into state and national legislature in July. This is while politicians and influential members of Australia’s business community have welcomed the continued expansion of the sector.
The new bill will assist the country in offering balanced gambling activities through banning the use of credit cards, credit-related products, as well as all types of digital crypto-based credit for online gambling. This is in spite of the government being historically hesitant to enforce firm regulations on the growing sector.
In theory, the credit card ban will have a positive impact by protecting all Australian online gambling enthusiasts. It will prevent them from wagering on credit when visiting online sportsbooks and lotteries. Basically, this means players will only be able to gamble using the money they have on hand. This will prevent unnecessary hassles recently associated with the widespread acceptance of credit cards when gambling.
Nevertheless, the credit card ban will not reach all places. Some gamblers are glad to hear this. Australia has not yet allowed online casino gaming. This means most Aussie players visit offshore pokie platforms to play their favorite games and place their wagers.
