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Crypto Casinos in Australia

Can you play casino games in Australia using cryptocurrencies? What are the best games and bonuses. Find out in our AU crypto gambling guide.

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Is Gambling Legal in Australia?

Australia’s Gambling Act of 2001 officially bans gambling on Australian soil. However, each state has different laws, and depending on where you live, gambling may be allowed with some restrictions.

Furthermore, gambling winnings are taxed in Australia, and you’ll have to declare your gambling revenues. Each state has a governing body enforcing its respective gambling acts. Companies who wish to offer casino and bookmaking services must apply for a licence with the proper regulating organisation.

For example, in Queensland, online casinos are authorised, but there’s only one bookmaker operating legally at the moment. In Victoria, every casino you can play at is registered and listed by the Australian Communications and Media Authority (ACMA).

On the other hand, New South Wales has laws to licence sport and race betting, but it lacks insights on online casinos. However, new regulations are in the works with the objective of penalising companies that aren’t following the licencing rules. Other states, like Tasmania, appear to allow online gambling activities with more leniency.

Still, it’s absolutely prohibited to partake in gambling activities with an offshore operator, apart from a handful of exceptions, because these casinos have applied for special authorisations with the Australian Government.

Are Cryptocurrencies Available in Australia?

Cryptocurrencies may be a decade old now, but it’s still a developing market with governments struggling to provide regulations. That’s because cryptocurrencies are decentralised, and states don’t have the power to force anything on this independent market. However, they can decide whether to authorise it or not.

In Australia, cryptocurrencies are legal, which means you can buy some in AUD and trade freely. However, the Government can tax the revenues generated when you turn your cryptos back to fiat, depending on the circumstances and your specific transactions. Right now, it can be regarded as property and falls under capital gains tax regulations, but it can be considered an income tax in some cases.

The number of Australian citizens engaging in the crypto market is increasing, so the Government is trying to implement regulations to protect them. One of the most notable is the Commonwealth Bank starting to offer crypto trading through its banking app. Furthermore, the National Australian Bank plans to release its own stablecoin by the end of 2022, like ANZ (Australia and New Zealand Banking Group) already did.

So, cryptocurrencies aren’t illegal in Australia. They’re just not really regulated at the moment, and financial authorities are trying to play catch-up with the decentralised system to offer more protection to investors. The Government also plans to implement a token mapping to regulate each cryptocurrency better.

History of Gambling in Australia

Gambling is a popular and common practice in Australia dating back to the first colonial settlements. Australia has a long history of being liberal when it comes to gambling, and it has allowed legal gambling throughout the 19th and 20th centuries. This is particularly noteworthy because, at that time, most nations were very adamant about prohibiting or at least restricting gambling as much as possible. Chinese settlers brought Asian games of chance with them during the 1840s, and Aborigines already had forms of gambling in their culture before the arrival of settlers.

Where most governments started by prohibiting and progressively authorising gambling with a lot of control over the services, Australia went in the opposite direction, with gambling being officially banned only in 2001. However, it’s difficult for the Australian Government to enforce this act because gambling is part of Australia’s cultural heritage.

Furthermore, even before the ban, illegal gambling existed alongside legal solutions. Even with this illegal side of gambling that can’t be accounted for, Australia is the number one gambling country in the world, with the highest yearly gambling losses per adult.

Gambling in Australia Nowadays

Modern Australian gambling started in 2001. This is the year of the Interactive Gambling Act. This act banned all online gambling activities in the wake of the internet. Online casinos and in-play sports betting were outright banned, while sports betting services were still allowed if the establishment had an Australian license.

This act was amended and improved upon in 2017 to protect players from illegal online gambling services. Since the reforms, over 150 online gambling sites have been banned from the Australian market because they had offshore licenses and couldn’t comply with Australian regulations.

Australian Players Favourite Games

As is the case with the vast majority of players online, the most popular games are online slot machines, which Aussies call “pokies.” The popularity of pokies can be explained by the fact that physical machines aren’t limited to casinos. You can find pokies in restaurants, gaming venues and pubs, which means Australians are more familiar with this type of game than other people may be in the rest of the world.

After pokies, it’s common knowledge that Australians enjoy the race track. Betting on horses and greyhounds is a typical Australian activity, with fathers bringing their sons for Sunday entertainment. This statement also applies to sports betting, which is popular in Australia due to sports like Australian rules football, rugby, motorsports, cricket and soccer being the most attended competitions in the country.

The Australian national lottery is also particularly popular with every demographic above the legal age. However, the popularity of the lottery is universal and doesn’t reflect a cultural engagement. It’s a type of game that has been popular with working classes worldwide for a long time. Australians also enjoy scratch cards, which represent the most prominent form of gambling behind the lottery.

Australian Players Preferred Bonuses

Due to the popularity of pokies, the most praised bonuses in Australia are free spins. Free spins allow players to spin the reels for free and keep their winnings if they’re lucky. Also, because these rewards are often more generous when offered with a welcome bonus, Australian players will tend to go towards welcome packages offering plenty of free spins.

After free spins, Australian players always enjoy bookmaker offers like free bets and deposit bonuses. These offers allow punters to wager on their favourite sports without spending more money. In this regard, risk-free bets are also valuable incentives to sports bettors.

Best Australian Casinos

Here are our top 4 picks for Australian players

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