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The Australian Taxation Office (ATO) does not consider gambling winnings as income because gambling is typically seen as a recreational activity rather than a profession. This exemption applies unless you are considered a professional gambler, where gambling is your main source of income. In such cases, winnings could potentially be subject to tax as they would be classified as income derived from a profession or business. Australian law prohibits the advertising of unlicensed online gambling services to Australian residents, which includes most forms of online casinos. Businesses and affiliates must navigate these regulations carefully to avoid penalties, ensuring any marketing activities are compliant with Australian law.
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This is the first time that online casinos have overtaken physical slot games in the Keystone State. Live casino giant Evolution has signed a deal extending their exclusive partnership with PokerStars. Games on offer from Evolution’s live studios include craps, blackjack, roulette, and baccarat, among others. Daily fantasy sports app Betr Picks have this week announced the launch of a new peer-to-peer skills-based gaming brand called Betr Arcade. Operational in 29 states at launch, Betr Arcade is positioned as a fun and competitive alternative for players in states where iGaming isn’t legal.
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