New South Wales to ban live betting ads on sporting events

New South Wales continues its crackdown on online betting advertisement.

Deputy Premier and New South Wales minister for gaming and racing Troy Grant announced Saturday that advertisements of live odds on television and radio during sporting events will be banned effective in March.

In-play odds offering that shift according to the scoreboard or the chance to guess the next goal scorer increase the risk of dangerous gambling by encouraging punters to chase losses or bet on impulse, according to Grant.

“There is no doubt the sports betting market is becoming increasingly competitive as operators aggressively chase market share through promotions, so it’s important that regulation moves with the industry,” Grant added.