{"id":248,"date":"2024-06-26T17:51:13","date_gmt":"2024-06-26T14:51:13","guid":{"rendered":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/"},"modified":"2024-06-26T17:51:13","modified_gmt":"2024-06-26T14:51:13","slug":"down-under-overseas-wagering-could-cost-the-nation-3-billion","status":"publish","type":"post","link":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/","title":{"rendered":"Down Under: Overseas wagering could cost the nation $3 billion"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/dXD5Bvy55Tw\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Down Under: Overseas wagering could cost the nation $3 billion<\/p>\n<p>A study by Responsible Wagering Australia (RWA) has discovered that illicit overseas gambling could be costing Australians almost $3 billion (1.6 billion pounds\/1.84 billion euros) in lost tax revenue.<\/p>\n<p>The finding was unveiled in the 2023 Australian Offshore Gambling Market Analysis Report, which was prepared for the RWA by gambling and gaming consultancy H2 Gambling Capital.<\/p>\n<p>H2 estimated that black market activity could result in $3.35 billion in lost tax revenue between 2022 and 2027. This, combined with an estimated $3.32 billion in lost tax revenue from the grey market, could amount to $6.67 billion in potential losses.<\/p>\n<p>RWA pointed out that overseas operators are more appealing to customers because they offer more competitive prices and do not provide the same strict consumer protection regulations as licensed operators.<\/p>\n<p>RWA CEO Kai Cantwell stated that future reform considerations in Australia must focus on eliminating the overseas market so that it is no longer an option for players.<\/p>\n<p>\u201cIt is essential that any future reforms are balanced and prevent Australian players from being driven abroad, where player protection is limited,\u201d Cantwell said. <\/p>\n<p>Furthermore, an unstable regulated sports wagering market could lead to substantial financial losses for the Australian economy, as well as the athletic, racing, and broadcasting sectors.<\/p>\n<p>The study discovered that Australia&#8217;s illicit offshore gambling market is currently valued at over $1.1 billion, making up around 15% of the nation&#8217;s total gambling market.<\/p>\n<p>H2 estimates that 92% of the online market was domestic in 2022. This proportion has been steadily rising since 2017, when the domestic market was estimated at 82%.<\/p>\n<p>The consulting firm placed the number of domestic racing operations in 2022 at 96%, while the number of sporting events operating that year was 78%.<\/p>\n<p>H2 also estimates that total gambling income (GGR) in 2022 was $77.1 billion, and predicts that gambling income will further rise to $78.5 billion in 2023.<\/p>\n<p>It is estimated that the black market generated $571 million in gambling income (GGR) in 2022. The grey market generated $560 million in gambling income (GGR).<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Down Under: Overseas wagering could cost the nation $3 billion A study by Responsible Wagering Australia (RWA) has discovered that illicit overseas gambling could be costing Australians almost $3 billion (1.6 billion pounds\/1.84 billion euros) in lost tax revenue. The finding was unveiled in the 2023 Australian Offshore Gambling Market Analysis Report, which was prepared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aussie Gambling: $3 Billion Lost to Overseas Sites<\/title>\n<meta name=\"description\" content=\"Illegal offshore gambling is costing Australia billions in lost tax revenue, according to a new study. Find out more about the impact of this growing problem.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Down Under: Overseas wagering could cost the nation $3 billion\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Illegal offshore gambling is costing Australia billions in lost tax revenue, according to a new study. Find out more about the impact of this growing problem.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Power of Secure &amp; Licensed Online Casino Gaming\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T14:51:13+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/\",\"url\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/\",\"name\":\"Aussie Gambling: $3 Billion Lost to Overseas Sites\",\"isPartOf\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-26T14:51:13+00:00\",\"dateModified\":\"2024-06-26T14:51:13+00:00\",\"author\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Illegal offshore gambling is costing Australia billions in lost tax revenue, according to a new study. Find out more about the impact of this growing problem.\",\"breadcrumb\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/ozwincasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Down Under: Overseas wagering could cost the nation $3 billion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/ozwincasinonodepositbonus.icu\/\",\"name\":\"Discover the Power of Secure &amp; Licensed Online Casino Gaming\",\"description\":\"Discover the dynamic world of online gambling through our regularly updated news, honest game reviews, and informative insights. Experience the best of licensed gaming at our platform.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ozwincasinonodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/ozwincasinonodepositbonus.icu\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Aussie Gambling: $3 Billion Lost to Overseas Sites","description":"Illegal offshore gambling is costing Australia billions in lost tax revenue, according to a new study. Find out more about the impact of this growing problem.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/","og_locale":"en_GB","og_type":"article","og_title":"Down Under: Overseas wagering could cost the nation $3 billion","og_description":"Illegal offshore gambling is costing Australia billions in lost tax revenue, according to a new study. Find out more about the impact of this growing problem.","og_url":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/","og_site_name":"Discover the Power of Secure &amp; Licensed Online Casino Gaming","article_published_time":"2024-06-26T14:51:13+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/","url":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/","name":"Aussie Gambling: $3 Billion Lost to Overseas Sites","isPartOf":{"@id":"https:\/\/ozwincasinonodepositbonus.icu\/#website"},"datePublished":"2024-06-26T14:51:13+00:00","dateModified":"2024-06-26T14:51:13+00:00","author":{"@id":"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"description":"Illegal offshore gambling is costing Australia billions in lost tax revenue, according to a new study. Find out more about the impact of this growing problem.","breadcrumb":{"@id":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/26\/down-under-overseas-wagering-could-cost-the-nation-3-billion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/ozwincasinonodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Down Under: Overseas wagering could cost the nation $3 billion"}]},{"@type":"WebSite","@id":"https:\/\/ozwincasinonodepositbonus.icu\/#website","url":"https:\/\/ozwincasinonodepositbonus.icu\/","name":"Discover the Power of Secure &amp; Licensed Online Casino Gaming","description":"Discover the dynamic world of online gambling through our regularly updated news, honest game reviews, and informative insights. Experience the best of licensed gaming at our platform.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ozwincasinonodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/ozwincasinonodepositbonus.icu\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/248"}],"collection":[{"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=248"}],"version-history":[{"count":0,"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/248\/revisions"}],"wp:attachment":[{"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}