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BetStop covers licensed wagering operators — sports betting companies and racing bookmakers — that hold Australian licences. Because Ozwin operates as an offshore casino without an ACMA licence, not necessarily part of typically the BetStop system. Registering with BetStop may not restrict the access to overseas casino sites. The exception applies to professional gamblers which derive their principal income from gambling, in which situation the ATO might classify winnings as assessable income. For the recreational gamer, no tax credit reporting is needed on online casino winnings.

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