Lottoland faces ban from NSW government

The NSW government is looking to restrict the operation of “synthetic lotteries” such as those run by online betting agency Lottoland, local media reports.

Racing Minister Paul Toole said lottery betting products may be in breach of existing wagering legislation.

"Payment of winnings may rely on complex commercial arrangements between the operator and its insurer," said Toole in a statement on Thursday.

“The conduct of synthetic lottery operators may breach existing wagering legislation and the NSW Government is currently assessing options to determine the most effective approach to restrict betting on these lotteries in NSW.”

Deputy Premier John Barilaro said the government had some serious concerns about the products.

“Synthetic lotteries do not have the same level of con­sumer protection as domestic lotteries,” he said.

"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," he said.

It is understood that Western Australia and Victoria have also announced moves towards restriction, while Queensland is monitoring the situation.

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