Many governments have refined and amended the internet gambling policy. Some have even prohibitions on illegal gambling sites. Despite these measures, offshore gambling websites are still drawing adequate traffic. In Australia, offshore betting is around A$910 in 2020. The fraudulent offshore online casinos not only cheat customers but also have long-term consequences by reducing revenue collection from the legitimate market. Governments of many countries tried to stop offshore gambling but in vain. Many patrons register in offshore gambling sites, sidestepping the local regulations as these sites offer a generous bonus and competitive odds.
Know the local regulations
The legal framework of Australia allows legitimate online casinos to provide services like online lottery and betting. Other forms of internet gambling like slot online, keno, poker, casino games are prohibited. As offshore gambling sites are registered outside the jurisdiction, they are not obliged to follow the regulation. They can offer any and number of casino games that are prohibited within the state. The array of games they offer is what appeals to potential customers. As the gambling sites are not within the preview of the regulations, customers are not protected from malicious practices. If a player indulges in gambling with a licensed bookmaker online or otherwise, his interest will be protected by the local law.
Most of the gamblers, both domestic and offshore, are not aware of where the website is registered and do not know which body regulates those service providers. The most predominant factor for choosing a gambling website was the ease of use. Overall offshore websites were much preferred over domestic ones due to numerous reasons like competitive odds, user experience, an array of games. Regulatory status was the most ignored factor while selecting a gambling site. Fascinatingly, domestic gamblers are aware of the website`s licensing jurisdiction, but both domestic and offshore wagers are ignorant of the prevailing regulations of the land. The main reason for not knowing where the site is registered is not lack of knowledge or access to information, but they do not want to know it.
Players registered with domestic sites are well acquainted with the jurisdiction of the site. A mere 24.1% of bettors acknowledged the website’s license and jurisdiction were the main criteria for choosing it. Offshore gamblers cited payouts, gaming experience, the spectrum of casino games, convenience, and use of local currency influenced their decision to pick offshore gambling sites. To them, jurisdiction and regulations took a back seat. To both groups, the common factors for selecting an internet gambling site were; convenience, user experience, quick, easy registration, promotional offers, use of local currency, repute of the service provider, and an array of available casino games.
Majority of regular internet gamblers use offshore gambling sites, as it provides competitive odds, extensive casino games such as slot online, poker, keno, and blackjack. Offshore gamblers are more intense and prone to gambling problems. Limiting access to offshore gambling has restraining usefulness, as it is daunting to monitor the internet. Creating awareness among digital gamblers can be a crucial factor for moderating this influx to offshore gambling.