Reckless online gambling is when you gamble in a way that is dangerous to you and those who are around you. With the isolation period in Australia, the government is concerned that many might turn to reckless online gambling as means to fight the boredom.
Impact of Covid-19 on Australian Gambling
As part of a means to stop the spread of covid-19, all casinos, clubs and pubs are closed. When they will open their doors again, no one really knows. As such, all of Australia’s 194 000 poker machines are closed for an indefinite period of time.
The closure of land-based casino means that the 15- 25% of the population who love to play pokies will no longer be able to access them.
Moreover, should the lock down and isolation last over 6 months, this could mean that Australia will lose $7.5 billion that comes form pokies alone. This is an estimate of the money that punters would gamble in 6 months.
What Does This Mean For Online Casinos?
While land-based in most parts of the infected countries have closed, online casinos are still wide open. For those who are dealing with gambling addiction this could be a good thing, especially if they don’t have any online casino accounts. As they will be under a mandatory rehab period. Meaning they will decrease the harm that they can cause to their families and friends from gambling.
However, for those who love gambling to the core, this may have the reverse effects. This is as they may be tempted to shit their gambling habits online. Statics shows that in Australia there are more land based gamblers than there are gamblers online.
Factors That Lead To Reckless Online Gambling
People during this period of isolation are encouraged to try out something new. Be it learning a new hobby or a new language and even learning how to play a new instrument. This is because boredom can lead to excessive gambling and gambling addiction.
At the same time researchers state that access to large sums of money during this period can also lead to excessive gambling. That is why in Australia, they will only allow people to withdraw up to $20 000. As much as gamblers, both land and online pump in huge amount of revenue, it is also the government’s role to make sure that gambling is done on moderation.
Ways To Moderate Online Gambling Activities
While there is nothing wrong with online gambling ad online casinos, too much of the two can be very dangerous. As such during the isolation period, the government is worried that there will too much of gambling.
International gambling in the UK and USA have already recorded a spike in the online gambling activities. As much as this can help the economy to survive, it can also be a danger when done too much. As such there are ways that are being discussed to moderate gambling.
- Restricting the use of credit cards when gambling online.
- Setting a deposit limit at the online gambling sites as is done to regulate gambling in Norway
- Limiting the gambling sites that Aussies have access to
Conclusion
It seems as if the corona virus is now affecting real money a little more than anticipated. Now the future of online casinos as well online gambling in Australia hangs in the balance due to the corona virus. And could the isolation period lead to reckless online gambling, we have no idea but we really hope that it doesn’t.
Could The Isolation Period Lead To Reckless Online Gambling- FAQs
[accordiongroup id=”650″][accordion group=”650″ title=”Can I still gamble online in Australia during the isolation period?” active=”true”]Yes, you can gamble during the isolation period. However, you are advised to make sure that you set a time limit when you do gamble.[/accordion][accordion group=”650″ title=”How can I avoid reckless online gambling during the isolation period?” active=””]To avoid reckless gambling, you need gamble with a tome limit as well set a limit to the amount of money that you want to use. At the same time, you can do other things other than gabling.[/accordion][accordion group=”650″ title=”Can I still win real money when gambling during isolation period?” active=””]Yes, you can still win real money rewards when you gamble during this time. This is as long as you are playing at a reputable online casino gambling site.[/accordion][accordion group=”650″ title=”What does reckless online gambling mean?” active=””]Reckless online gambling means you are gambling without any discipline. This can result in loss of funds as well you harming those who are around you.[/accordion][accordion group=”650″ title=”When will casinos operate normally in Australia?” active=””]Casinos swill resume operations after the covid-19 virus has been controlled. There is no exact date when this will happen.[/accordion][/accordiongroup]