Gambling and Racing Act 1998 (NSW)
Betting and Racing Act 1998 is the main regulatory act of New South Wales regulating activities related to betting and racing. The law establishes rules for bookmakers, sweepstakes operators, race organizers and sports betting, and also defines regulatory controls.
1. Objectives of the law
Ensuring fair and transparent conduct of gambling events and races.
Prevent fraud and manipulation of results.
Protecting the interests of participants, spectators and players.
Control over compliance with the norms of responsible play.
2. Regulated activities
Bookmaker activity - acceptance of bets on races, sporting events and other outcomes.
Sweepstakes are centralized systems for receiving and distributing bets.
Organization and conduct of races - races, dog races and other competitions.
Licensed online rates - subject to license requirements and geographic restrictions.
3. Licensing
Licences are issued by Liquor & Gaming NSW or another authorised body.
The applicant must confirm financial stability, absence of convictions and compliance with technical standards.
The license can be suspended or revoked if the conditions are violated.
4. Responsibilities of operators
Maintain accurate and transparent reporting of all rates.
Compliance with rules to inform customers about gambling risks.
Timely payment of winnings.
Preventing bets from under-18s.
5. Control and supervision
Monitoring the activities of bookmakers and race organizers.
Carrying out checks for compliance with the law.
The possibility of applying fines, suspension of activities or cancellation of the license.
6. Liability for violation
For operators - fines, license revocation, ban on activities.
For participants in races and organizers - sanctions for bribery, manipulation or violation of the rules of fair play.
For players - administrative responsibility in violation of the prohibitions established by law.
Conclusion:
1. Objectives of the law
Ensuring fair and transparent conduct of gambling events and races.
Prevent fraud and manipulation of results.
Protecting the interests of participants, spectators and players.
Control over compliance with the norms of responsible play.
2. Regulated activities
Bookmaker activity - acceptance of bets on races, sporting events and other outcomes.
Sweepstakes are centralized systems for receiving and distributing bets.
Organization and conduct of races - races, dog races and other competitions.
Licensed online rates - subject to license requirements and geographic restrictions.
3. Licensing
Licences are issued by Liquor & Gaming NSW or another authorised body.
The applicant must confirm financial stability, absence of convictions and compliance with technical standards.
The license can be suspended or revoked if the conditions are violated.
4. Responsibilities of operators
Maintain accurate and transparent reporting of all rates.
Compliance with rules to inform customers about gambling risks.
Timely payment of winnings.
Preventing bets from under-18s.
5. Control and supervision
Monitoring the activities of bookmakers and race organizers.
Carrying out checks for compliance with the law.
The possibility of applying fines, suspension of activities or cancellation of the license.
6. Liability for violation
For operators - fines, license revocation, ban on activities.
For participants in races and organizers - sanctions for bribery, manipulation or violation of the rules of fair play.
For players - administrative responsibility in violation of the prohibitions established by law.
Conclusion:
- Betting and Racing Act 1998 in NSW sets strict requirements for gambling and racing, ensuring government control and protecting the interests of participants. For operators, this means the need to strictly comply with the license and transparent work, and for players - to guarantee the honesty and legality of bets.
