Historical Overview of Bookmakers in Victoria
Early Beginnings (1850s – 1900s)
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Establishment of Bookmaking 🏛️
Year Event 1855 The first organized betting on horse racing began in Victoria. -
Regulation of Betting ⚖️
Year Event 1881 The Betting Act was introduced, allowing regulated bookmakers.
The Golden Age (1900s – 1960s)
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Formation of the Bookmakers’ Association 🤝
Year Event 1920 The Victorian Bookmakers’ Association was formed to protect the interests of bookmakers. -
Introduction of Totalisator 🎲
Year Event 1940 The Totalisator Agency Board (TAB) was established to regulate betting.
Modern Developments (1970s – Present)
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Online Betting Emergence 💻
Year Event 1998 The rise of online bookmakers transformed the betting landscape in Victoria. -
Legal Reforms 📜
Year Event 2015 New regulations were introduced to ensure fairness and transparency in betting.
Conclusion
The history of bookmakers in Victoria reflects a journey from unregulated beginnings to a robust legal framework that ensures fair play and consumer protection. The evolution continues as technology shapes the future of betting in the region.
