🕰️ Early History of Corporate Bookmakers (Pre-1980s)
- Establishment of bookmakers in Australia dating back to the 19th century.
- The introduction of the Totalisator Agency Board (TAB) in 1961 to regulate betting.
| Year | Event |
|---|---|
| 1890 | First licensed bookmakers established in Melbourne. |
| 1961 | Launch of TAB, the main regulatory body for betting. |
📈 Rise of Corporate Bookmakers (1980s-1990s)
- The growth of corporate bookmakers begins with the rise of betting agencies.
- Introduction of Australian corporate bookmakers, such as Sportsbet and Betfair.
| Year | Event |
|---|---|
| 1985 | Legalization of off-course betting, leading to more corporate entities. |
| 1999 | Launch of Betfair, revolutionizing online betting in Australia. |
🌐 Online Betting Era (2000s)
- Explosion of online and mobile betting platforms.
- Increased competition among corporate bookmakers leads to better odds and promotions.
| Year | Event |
|---|---|
| 2005 | Introduction of the Interactive Gambling Act to regulate online gambling. |
| 2008 | Launch of major platforms like Sportsbet and Bet365 in Australia. |
✨ Regulation and Growth (2010s)
- Continued tightening of regulations on gambling advertising and practices.
- Corporate bookmakers expand internationally.
| Year | Event |
|---|---|
| 2012 | Stricter advertising regulations implemented by the Australian government. |
| 2016 | Corporate bookmakers witness significant growth due to mobile betting popularity. |
🎉 Modern Developments (2020s)
- Emergence of innovative technologies in betting, including blockchain.
- Enhanced focus on responsible gambling practices.
| Year | Event |
|---|---|
| 2020 | Upsurge in online betting due to the COVID-19 pandemic. |
| 2023 | Corporate bookmakers emphasize responsible gambling initiatives. |
