Credit card transactions have now been banned in Australia for online gaming and betting following approval by the Senate of Australia of Interactive Gambling Amendment Bill 2023.
Lottery players will though still be able to pay via credit cards. Whilst the move as a whole has been welcomed by Responsible Wagering Australia, the association was critical of the lottery ommission.
Responsible Wagering Australia CEO Kai Cantwell said that this change was much needed, as Australians should only be gambling with money that they have. “This is an important measure to protect customers and their loved ones, making it easier for people to stay in control of their own gambling behavior,” Mr Cantwell said. It will complement the existing offering of safer gambling account management tools by RWA members to customers to help them stay in control of their betting.”
“It is disappointing to see that other forms of gambling such as lotteries and keno have been exempted from the ban, especially when lotteries are the most prevalent form of gambling in Australia and are commonly accessed by people in low-socioeconomic communities.”
“The latest Australian Gambling Statistics show that Australians lost most than $3.2 billion on lotteries and keno in 2020-21. With the introduction of online keno in Victoria, keno losses increased more than 400 per cent from 2021-22 to 2022-23.”
“Lotteries were also exempt from the National Self Exclusion Register, Betstop, meaning that Australians who have self-excluded from online gambling are not precluded from gambling up to $10,000 online at a time through lotteries.”
“To effectively reduce gambling harm, consumer protection measures must exist across all forms of gambling, otherwise those at risk of harm will just move from one form of gambling to another less regulated type.”
“RWA members have been working with the Federal Government and the financial services industry to deliver this credit card ban since 2021 and will continue to engage productively to ensure the ban can be implemented effectively within six months.”