wagering via retail outlets, racecourses or terminals in hotels and clubs.
TABs were first established between 1961 and 1985 and offer a range of wagering products from fixed odds betting on races and sports and pari-mutual wagering. TAB is conducted via retail outlets or using internet and phone services. Te major TAB operator is Tabcorp and there are over 4,442 TAB retail outlets in Australia and 433 bookmakers across Australia.
Total wagering expenditure amounted to $4.47bn in 2019 made up of sports betting expenditure with $961m and racing expenditure of $3.5bn. Tere are 40 sports betting providers licensed in Australia which includes online TABs and corporate bookmakers.
Tere are currently investigations in this sector as AUSTRAC is assessing the compliance of Sportsbet and Hillside under the anti-money laundering and counter terrorism financing act. Te investigation is the result of an extensive supervisory campaign that assessed entities within the corporate bookmaker sector and follows the recent investigation into Entain which began in September 2022.
THE ONLINE SECTOR
Online wagering began in Australia in the mid- 1990s when Centrebet became the first Australian based operator to offer online sports betting in 1996.
Online gambling is today the fastest growing
Online gambling is regulated by the Interactive Gambling Act (IGA) 2001 which sets rules for operators offering gambling or advertising gambling services and covers all online services via website, Apps or telephone.
Under the IGA only Australian licensed lottery WIRE / PULSE / INSIGHT / REPORTS P21
gambling sector in Australia at a rate of around 15 per cent annually, despite the fact it is limited in terms of game offer.
Growth in digital wagering in Australia grew by 215 per cent in 2020 mostly due to the Covid situation. Spending in online gambling in Victoria and New South Wales post-Covid grew by 329 per cent according to research by credit bureau Illion.
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