Australian punters will soon be able to see exactly how much they have won or lost during the previous month. From July 31, online betting account holders in Australia will get monthly statements that will detail the exact amounts bettors spent as part of a new set of rules aimed at protecting the Aussie betting enthusiast.
A Detailed List of All Transactions
The monthly email reports are part of the 2018 Consumer Protection Framework for Online Wagering and will be quite useful for bettors. The statements will tell them exactly how much their monthly betting expenditure was, as well as how much money they won and lost.
Aussie punters will even get a breakdown of the number of wagers they placed and a betting activity graph that will illustrate how active they have been over a period of six months.
Bettors will also be able to check each transaction they had made, as the emails will come with a link to a list of all their transactions.
If a betting account hasn’t been used in a year, the punter will stop getting the monthly wagering statements.
Betting Companies Were Involved Too
Lauren Levin from Financial Counseling Australia was delighted with what the framework brought to the table and said that betting companies would give all essential information to Aussie bettors from now on.
The Australian betting industry was consulted while the framework was created too. 52 gambling corporations and 102 betting site operators were involved in the process.
And it’s not just monthly statements that bettors will get. Other benefits for punters stemming from the 2018 Consumer Protection Framework for Online Wagering include deposit limit options that are included in the registration process and responsible gambling training for people working at online bookmakers.
A Nation of Avid Bettors
Bettors in Australia spend more than punters from any other country. It is estimated that Aussie bettors spend A$1.4 billion every year at online bookmakers.
The Australian online betting industry is also among the fastest-growing ones in the world. The Australian Communications and Media Authority (ACMA) found that 2.6 million Australians wagered online in the first half of 2021. That’s 11% of the Australian population.
Both the previous and current Australian governments championed the framework. The Morrison government introduced the concept of the national betting framework, and Anthony Albanese made it a top priority for the new government.