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As you could probably guess, it was a horse racing event that happened at Hyde Park in Sydney. However, the way gambling was organised was a little bit different from what we know as horse racing today.
The competition was split into three days and, each day, all horses had to run a two-mile race.
The winner was the horse whose performance was the best in all three days combined. Therefore, it was much more challenging to win a bet than it is now.
The next form of gambling after horse racing was the lottery. As this was the beginning of the lottery system, it was not exactly legal, so these sweepstakes used to move from one state to another after being shut down by the authorities.
The more advanced type of gambling came to Australia in the s with the first slot machines. You could have found them in pubs and clubs respectively, and they officially marked the beginning of gambling as we know it in Australia.
In , the first casino was open on the Australian soil, after numerous attempts throughout the years to attain a regular casino license.
Before that, casinos were banned in Australia because they were considered destructive for society and difficult to control. The gala opening of the Wrest Point Hotel Casino in Tasmania was broadcasted in the whole country.
Although all Australian territories have the permission to rule on their own and make decisions about gambling regulations, there is one act meant to protect the Aussies from the harm that gambling can cause.
The Interactive Gambling Act IGA was passed to protect Australians from all the problems they can get into if they decide to spend their time and money on an activity such as gambling.
The report also recommended many specific measures to protect consumers and assist problem gamblers. On 7 July , Senator the Hon.
Richard Alston, Minister for Communications, Information Technology and the Arts, announced that the Government would conduct a study into the feasibility and consequences of banning interactive gambling.
This inquiry was undertaken by the National Office for the Information Economy NOIE. Its report was released on 27 March , with the following major conclusions:.
The full report can be obtained from here pdf file. State and Territory Regulatory Authorities and Policies. The ACT Racing and Gambling Commission is an independent statutory authority responsible for controlling and regulating all gaming, racing and betting activities in the ACT to ensure they are conducted honestly, with integrity and free from criminal influence.
It has a comprehensive website with pages on legislation, interactive gambling, problem gambling, a gaming industry Code of Conduct, the casino, gaming machines and other forms of betting.
The NSW Department of Gaming and Racing is responsible for the proper conduct and balanced development of the gaming, racing, liquor and charity industries in NSW.
Its website has pages on responsible gambling, legislation and other matters. The NSW Casino Control Authority licenses and supervises the operations of the casino.
The Racing and Gaming Authority administers gambling legislation in the NT. The NT Gaming Machine Commission is responsible for licensing gaming machines.
Neither body has a website, although information on their operations is available from the Annual Report of the Authority. The Queensland Office of Gaming Regulation regulates machine gaming, casinos, art unions, lotteries and keno in Queensland.
It has a comprehensive website pages dealing with topical issues, legislation, statistics, information on interactive gambling and other policy matters.
The Gaming Supervisory Authority is responsible for ensuring that there is effective supervision of the operations of casino and gaming machine licensees in SA.
It is the function of the Office of the Liquor and Gaming Commissioner to provide the supervision of licencees.
The Tasmanian Gaming Commission regulates and controls gaming in Tasmania. It is an independent statutory authority but receives operational support from the Gaming Operations Branch of the Tasmanian Department of Treasury and Finance.
The Victorian Casino and Gaming Authority regulates and monitors Victoria's gambling activities. It has a comprehensive website with sections for legislation and policy, research, frequently asked questions, media releases, licensing and other matters.
On 1 March the Minister for Gaming released for public comment Responsible Gaming: A Consultation Paper. Land-based Casinos Do not fret about going online, as land-based casinos are legal everywhere in the Land Down Under.
Sports Betting in Oz While online casinos are difficult to come by for Australian residents, online sports are legal, with a few considerable conditions that vary from state to state.
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Compared to the Northern Territory landscape, Queensland is hopping with 47, machines in hotels and clubs. Gambling is under the jurisdiction of the Office of Liquor and Gaming Regulation.
Adelaide Casino, formerly Skycity Adelaide, is the only prominent gambling venue in South Australia. The Adelaide is home to 1, out of the 13, machines in the region.
Pokies are a bit different, though, as they only take coins. The South Australia government Consumer and Business department handles gambling licensing, as well as licenses for anyone who works for a bookmaking operation.
To be certified, you have to undergo a criminal and financial background check. The Wrest Point Hotel and Casino in Tasmania is the first in the country.
It opened in in Hobart and is still going strong. Like the Australian Capital Territory, there are only about a half-million residents in Tasmania.
The Crown Melbourne Casino is the crown jewel of Victoria. The area accommodates 30, machines. Victoria approved pokies in , and they have similar restrictions as other areas.
Residents can take advantage of some specific gambling inclusions in Victoria, including the following. The other seven states and territories have approved pokies in bars, clubs, and hotels.
New South Wales gave the go-ahead starting in , but Western Australia has taken a different stance. The new IGA tightened restrictions on online gambling by banning almost all digital gambling forms, no matter if they are licenced offshore or not.
The amendment also ceased all gambling advertisements during sporting events. Any online operator wishing to do business in Australia must obtain a licence through the proper regulatory channels.
In-play betting was another target of this bill and made it illegal for local punters to participate in.
Learn more about the specifics of this law on our Interactive Gambling Amendment Bill page. These laws are similar in nature but have minute differences between them.
As such, it is important to understand the different territorial legal codes pertaining to gambling based on where you reside in Australia.
Our Australian Regional Laws page has more information on the individual laws. Gambling regulation in Australia is twofold.
There are some federal departments tasked with widespread regulation, but the bulk of responsibility lies with individual states and provinces.
Once the new bill becomes law, these restrictions will be official. For the most part, individual states and territories within Australia are responsible for regulatory oversight of the industry for their region.
The exception is online gambling, a gaming venue that is subject to the Interactive Gambling Act and the Interactive Gambling Amendment Bill of These laws were passed and are regulated by the Commonwealth of Australia, meaning that it is a piece of legislation that spans the entire country.
Most of the legal gambling sites accepting Australian players also accept AUD currency for transactions. This will include both deposits and payouts.
Should a gambling site you visit not conduct business in AUD, they likely have a conversion mechanism in place so that you can still deposit using the Australian Dollar, or access to a deposit method that takes care of the currency conversion for you.