Connect with us


Australia Faces Potential $3 Billion Loss Due to Offshore Gambling



According to a recent report commissioned by Responsible Wagering Australia (RWA) and conducted by betting and gaming consultancy H2 Gambling Capital, Australians could suffer a staggering loss of nearly $3 billion in taxes due to illegal offshore gambling.

The Australia Offshore Wagering Market Analysis 2023 report projected that between 2022 and 2027, illicit activities in the black market could result in a tax shortfall of $3.35 billion. Additionally, the estimated tax loss from the grey market amounts to $3.32 billion. When combined, these figures indicate a potential total loss of $6.67 billion.

RWA emphasized that offshore gambling operators hold greater appeal for customers due to their competitive pricing and less stringent consumer protection regulations compared to licensed operators. To combat this issue, Kai Cantwell, CEO of RWA, stressed the need for future reforms in Australia to focus on eliminating the offshore market and removing it as a viable option for players.

Cantwell further stated,


“It is crucial that any future reforms strike a balance and prevent Australian players from seeking offshore alternatives where player protections are inadequate. Failing to maintain a well-regulated sports betting market could result in substantial economic losses for Australia, as well as negatively impact the sporting, racing, and broadcasting industries.”

The report highlights several significant findings regarding offshore gambling in Australia:

  • Offshore Market Value: The illegal offshore gambling market in Australia has reached a value of over $1.1 billion, comprising approximately 15% of the country’s total gambling market.
  • Growth of Onshore Market: The onshore market has experienced steady growth, with 92% of the online gambling market being based within Australia in 2022, compared to 82% in 2017.
  • Onshore Operations: The report indicates that 96% of racing operations were conducted onshore in 2022, while sports accounted for 78% of onshore activities throughout the year.
  • Gross Gaming Revenue (GGR): The estimated total GGR for 2022 amounted to $7.71 billion, and it is projected to further increase to $7.85 billion in 2023.
  • Black and Grey Market GGR: The report estimates that black market activities generated approximately $571 million in GGR in 2022, while the grey market accounted for around $560 million.

These findings emphasize the significant presence and economic impact of offshore gambling in Australia, highlighting the need for regulatory measures to address this issue effectively.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at:

For editorial or PR submissions, contact:

Copyright © 2024 Gamingo.News.