Gambling is the entertainment activity that a majority of Australians enjoy. It is a placement of a wager on the uncertain future outcome of the event. In fact Australians love gambling so much that more than 80% of adults gamble, setting new world record of gambling ratio per capita (http://news.bbc.co.uk/2/hi/asia-pacific/6313083.stm). It is visible that Australia loves gambling when the entire country stops their activities to attend Melbourne Cup. Gambling offers and abundant range of wagers that will satisfy the taste of anyone whether they like “pokie” machines or horse racing. Such entertainment brings enormous amounts of money for the government in form of taxes and businesses that produce the services.
History of Gambling in Australia …show more content…
In the 1970s formal gambling venues were introduced like casinos with gambling machines that were popular in the United States at the time(https://assets.justice.vic.gov.au/vcglr/resources/bb81f943-d854-40de-8bab-b09d8bbd610f/australiangamblingcomparativehistory.pdf) . Due to the establishment of sophisticated venues, gambling activities have become legalised and accessible to the adult population. Any wagering activity before 1964 outside the formal venues was classified as illegal to counteract the corruption and loss of revenue for the government. In the 1970s betting had become the most popular gambling form which led to creation of Totalizator Agency Board (TAB) that is still active
History of Gambling in Australia …show more content…
In the 1970s formal gambling venues were introduced like casinos with gambling machines that were popular in the United States at the time(https://assets.justice.vic.gov.au/vcglr/resources/bb81f943-d854-40de-8bab-b09d8bbd610f/australiangamblingcomparativehistory.pdf) . Due to the establishment of sophisticated venues, gambling activities have become legalised and accessible to the adult population. Any wagering activity before 1964 outside the formal venues was classified as illegal to counteract the corruption and loss of revenue for the government. In the 1970s betting had become the most popular gambling form which led to creation of Totalizator Agency Board (TAB) that is still active