Regulation Impact Statement – Department of Communications and the Arts
On 28 March 2018 the Government introduced the Interactive Gambling Amendment (Lottery Betting) Bill 2018 to ban online betting on the outcome of a lottery.
Lottery betting services allow customers to bet on the outcome of a lottery draw without the need to purchase a ticket in the official lottery draw. These services match prizes for each tier including the jackpot that the official lottery operator would have paid to a customer if they had won with an official lottery ticket through that service.
The Department of Communications and the Arts prepared a Regulation Impact Statement (RIS), which was assessed by the Office of Best Practice Regulation (OBPR) as compliant and best practice under the Governments RIS requirements.
The Department estimated the change in regulatory burden at $150,000. The OBPR agreed to this estimate.