The International Betting Integrity Association (IBIA) has wants in-play sports betting to be legalised in Australia, claiming customers are looking for in-play sports betting options with offshore operators that pay no fees to Australia.
Live sports betting is banned in Australia except in retail outlets and via telephone with IBIA stating that regulating in-play betting bring in additional taxes.
IBIA said: “The prohibition of in-play betting, along with a relatively burdensome fiscal framework for Australian betting operators, are key a drivers for consumer migration to offshore operators, notably in Asia. The absence of an effective and coherent policy on in-play betting is detrimental to the regulated market. This creates a sizeable hole in any Australian integrity policy, be that at national or state and territory level. Similarly, racing makes up a large part of the betting industry and, if the Government is to assess and promote a national betting and integrity policy framework, that sport must surely form a central part of any related considerations and recommendations.
“In addition, whilst the move to a gross gambling revenue (GGR) tax in most states and territories is welcome, the impact of wider fiscal issues must be considered.”