There has been a sharp rise in online betting within Australia, as reliable data sources indicate. In a report published by the Australian Communications and Media Authority, more than 11% of Australians had reportedly indulged in online gambling in 2022. A significant factor driving this trend includes the lure of international betting sites, which offer a wide range of online betting opportunities for Australians besides the local ones.
Usually, gambling winnings are excluded from tax in Australia. Nevertheless, it is vital to seek advice on the prevailing tax laws from a tax specialist after every regulation change.
In most cases, no. Generally, gambling winnings are not liable for taxation in the UK.
Reliable foreign betting sites in Australia often have forceful measures for responsible gambling, such as self-exclusion and restrictions on the amount of money players deposit.
Yes, some international platforms allow their Australian audience to bet on specific local games and tournaments, illustrating a recognition or acknowledgment of the nation’s sports culture.