AFL facing $300 million internet gambling boom - Melbourne Herald Sun

[Shame About Ray]

League bosses want an overhaul of internet gambling laws to allow punters to make unlimited "in-play" bets.

In a move modelled on soccer's lucrative English Premier League, online gamblers would be free to splurge, at any stage of an AFL contest, on the winner, loser, highest goal-scorer and winning margin.

Existing legislation prevents Australian betting operators from offering internet markets once a game has started.

The Rudd Government is believed to be open to the changes, but critics warn it will trigger an explosion in problem gambling.

About 75 per cent of all English Premier League betting is made "in-play", where live odds fluctuate wildly.

Betfair's Australian-based chiefs estimate local internet restrictions are costing the industry about $300 million a year to overseas operators.

What are your thoughts on this bit of news, looks like the Aussies are finally smartening up too eh??? If you want, you can read the full article here...