Historical Overview of New Bookies in Australia
1990s: The Foundation of Modern Bookmaking
- 1993: Introduction of the Betting and Gaming Act
- 1994: Establishment of the Australian Bookmakers Association
- 1999: First online betting platforms emerge
| Event | Date | Importance |
|---|---|---|
| Introduction of the Betting and Gaming Act | 1993 | Regulated the industry and set standards for fair play. |
| Establishment of the Australian Bookmakers Association | 1994 | Provided advocacy and support for bookmakers. |
| First online betting platforms | 1999 | Revolutionized access to betting services. |
2000s: The Rise of Online Betting
- 2001: Introduction of the Interactive Gambling Act
- 2005: Launch of Sportsbet.com.au
- 2007: Betfair starts operations in Australia
| Event | Date | Importance |
|---|---|---|
| Introduction of the Interactive Gambling Act | 2001 | Regulated online gambling and protected consumers. |
| Launch of Sportsbet.com.au | 2005 | Promoted competition among bookmakers. |
| Betfair starts operations | 2007 | Introduced betting exchanges to the market. |
2010s: Innovation and Regulation
- 2012: Additional regulations on advertising
- 2014: Launch of the National Integrity of Sports Unit
- 2016: Introduction of in-play betting regulations
| Event | Date | Importance |
|---|---|---|
| Additional regulations on advertising | 2012 | Reduced gambling exposure to minors and vulnerable groups. |
| Launch of National Integrity of Sports Unit | 2014 | Enhanced integrity measures across sports betting. |
| Introduction of in-play betting regulations | 2016 | Allowed real-time betting during events, boosting engagement. |
2020s: Current Trends and Future Directions
- 2020: Surge in online betting due to Covid-19
- 2021: New technology in mobile betting
- 2022: Enhanced customer protections introduced
| Event | Date | Importance |
|---|---|---|
| Surge in online betting | 2020 | Shifted focus from physical venues to online platforms. |
| New technology in mobile betting | 2021 | Improved user experience and accessibility for bettors. |
| Enhanced customer protections | 2022 | Strengthened safeguards against gambling addiction. |