Synthetic lottery operators may breach existing wagering legislation and the NSW Government is looking at restricting betting on these lotteries in NSW.
A domestic lottery has a guaranteed prize pool and is bound by strict terms and conditions and regulations.
Synthetic lotteries are online gambling sites, often based overseas, where customers bet on the outcome of a lottery, rather than buying tickets in a lottery draw.
Deputy Premier and Minister for Small Business John Barilaro said consumers may not be aware that they’re betting on an outcome of a lottery.
“Synthetic lotteries do not have the same level of consumer protection as domestic lotteries,” Mr Barilaro said.
“Our concern is that many customers buy tickets in a synthetic lottery, believing they’re entering a lottery, when in fact they are instead betting on the outcome of that lottery.”
If you or someone you care about is running into trouble with gambling, get help from Gambling Help by calling 1800 858 858.