Gambling has been an integral part of many New Zealander’s lives for many years now. While before it was strictly regulated, now, Kiwis are able to gamble both in-person and online legally. In fact, it is one of the favorite pastimes of many people in New Zealand, with the total population spending $2.4 billion on gambling last year alone.
That was a massive increase of $49 million from the year before. With the changes and technological advances that have occurred in recent months, here is what the New Zealand online casino market will look like this year.
Modern-Day Gambling In New Zealand
Back in the 1920s, bookmaking was prohibited, and horse racing was only allowed at the track until the 1960s. Regulations of online gambling and other forms of gambling were also highly restricted until the 1980s when casino lottery games like slot machines (called pokies) were legalized. It was only then that casinos opened up finally in New Zealand.
Now, thanks to the Gambling Act 2003, all in-person gambling is legal as long as it is regulated by the government. Players have to be at least 20 years of age to enter casinos and 18 to gamble in sports betting. The country has six brick and mortar casinos that have been extremely popular in recent years.
What is interesting about online betting in New Zealand casinos is that is is actually illegal for players to gamble at an online casino based in New Zealand. While you might be wondering how Kiwis can gamble online, it is completely legal for players of any age to play at an online casino based outside the country.
Who Regulates The Gaming Industry in New Zealand
The Gambling Commission, which includes the Department of Internal Affairs, is the entity that organizes and monitors gambling in New Zealand. For a gambling organization or casino to exist within New Zealand borders, it must be approved and regulated by the government.
Kiwis that want to play online just need to make sure they are choosing an online casino that isn’t headquartered within the borders of New Zealand. That means the New Zealanders can play all the best games like slot machines (pokies), keno, poker, video, poker, baccarat, roulette, craps, and more.
Pokies are some of the most popular forms of games. The Department of Internal Affairs says that in total, $895 million was spent on pokies. Both online and in-person pokies have been a popular form of entertainment, and it seems like that isn’t going to change anytime soon. To find NZ free spins no deposit check out this resource because it includes all data about popular games and techniques for playing slots and other popular casino games more effectively.
Can Kiwis Deposit And Withdraw Money To Online Casinos?
Yes, if you live in New Zealand, you can withdraw and deposit real money at any online casino that you wish, as long as it is not located within New Zealand borders. To make the process even easier, some of the best casinos even accept NZD now.
Do You Have To Pay Taxes On Winnings?
As long as you have won the money internationally, you aren’t legally required to pay income taxes on your winnings. You get to keep all of your winnings.
New Improvements To The New Zealand Online Casino Market
Due to the advancements in technology, the online market is changing and growing every year. Now, it is easier than ever for people to sign up and have access to online casinos that are safe and secure. In addition, with better graphics, the online slot machines and other gambling casino games are more attractive and visually appealing, which helps encourage people to continue to play the games.
New Zealanders should also take advantage of new bonuses, special offers, and free spins. Because pokies are such a popular option for many Kiwis, they should check out the welcome bonuses that many casinos offer. It gives new players the chance to try out a few slot machines, free of charge. These free spins often don’t require you to put a deposit down first, helping you to try out casinos risk-free.
In addition, more casinos are moving to include mobile versions of their games. That means you can play wherever you want, like on the commute to work, on your lunch break, or even when you are on vacation. Having access to online casinos 24/7 can be an attractive option to Kiwis who want to play whenever and wherever they want
The online casino market is also expanding to accept more payment methods. Now, more than ever, casinos will accept a variety of options like Bitcoin, Google Pay, or Apple Pay. With more payment methods, it means you as the player have more options. You can pay with whatever method you feel most safe, which means that you don’t have to take any risks when you play on online casinos.
2020 New Zealand Online Casino Market Overview
With the average Kiwi spending $648 on online gambling last year, it is clear that online gambling isn’t going to go away. For those who love to gamble, they should check out some of the new casino bonuses. The market is going to continue to grow, and there are plenty of options, no matter what you are interested in, you can find a great online casino game for you.