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It is always extremely important to get a solid knowledge when deciding on who and where to bet in your country of residence. There are usually many laws, numerous Bookmakers to choose from and a whole list of research before picking the best place to bet. Here at E-godds, we pride ourselves on giving you as much in-depth information regarding your local country and the safest environments to take the chance on your beloved esports titles, events and teams. Australia is a well known betting market and with the exponential growth of eSports and Betting we want to help provide a solid resource to enable you to place bets responsibly, informatively and hopefully reap the rewards..
Esports betting in Australia as it is in many other countries, is a rapidly growing industry that is naturally folloing the global phenomenon of esports (or electronic sports) and the recognition of it as a sport. The esports industry involves around 400 million people worldwide, features a wide variety of highly successful titles such as League of Legends,Dota 2 and Counter-Strike: Global Offensive, and is expected to surpass the $1 billion mark this year (2018).
What makes esports betting problematic for citizens of some countries is the fact that it’s a relatively new and misunderstood thing. There’s still a lot of debate on whether or not esports betting should be treated the same way as all sports betting activities. After all, the critics say, how could competitive video games ever be treated as sports, when they don’t really have an athletic component?
Popular Esports Betting Markets in Australia
Here at E-godds we have gathered research from our top operators that provide esports betting and the following are all the most popular betting titles available. Bookmakers regularly offer solid bonuses in and around events for your top games so it is definitely worthwhile checking back frequently so you can claim the great bonuses they have to offer.
These are the top esports Titles in Australia in no particular order: (Check out our reviews & betting guides for each title)
Esports betting in Australia is a sophisticated legal matter that varies from state to state. Globally, the regulated esports betting market is expected to generate close to 2 billion dollars in revenue per year by 2020. And a large percentage of that amount will be generated by Australian eSports enthusiasts. Because Australia has one of the highest rates of gambling in the world, all forms of gambling in this country, including eSports betting, are heavily regulated.
Increasing demand from many Australian esports enthusiasts to have esports betting regulated and clarified has led to important developments in this area. Overall, esports betting in Australia is legal, as long as you’re a resident. Most of the Australian laws that impede or forbid gambling activities (see the Interactive Gambling Act of 2001) are targeted at gambling providers, not at citizens who want to engage in esports betting activities. So even though it may be more difficult for Australians to find esports betting providers that are available to them, their esports betting activities are not illegal in any way.
An exception to this rule applies in South Australia, where gambling transactions are taxed (15%) and certain interdictions exist with regard to esports betting. The South Australian state created these interdictions as a result of the emergence of skin betting and its related controversies. This activity has great appeal to children and teenagers and as a result, the state decided to place a ban on esports betting as a whole.
Local Governing Bodies
Gambling in Australia is separated by 2 levels, the government jurisdiction and that of local constituents. Here is a list of the local governing bodies:
All of the above AU bookies are licensed and regulated by the Northern Territory government, which guarantees fair and timely payouts and that everything is legal and reputable for Australian punters. Sign up for an account via any of our links for more information and the latest exclusive sign-up bonuses to kick-start your esports betting career with bonus cash.