New Zealand has a thriving gambling industry. Statistics indicate that Kiwis spent $2.625 billion on gambling in the 2020/21 financial year. There are several reasons for the recent increase in casino games in New Zealand: New Zealand does not allow tax gambling winnings, the country allows offshore gambling sites, and it fills the void left by the lack of land-based casinos, to name but a few. We take a close look at each class of gambling below.
The New Zealand Gambling Act 2003 distinguishes between legitimate and prohibited wagering. It also classifies gambling into 4 classes based on specific criteria. Operators must furthermore abide by specific sets of guidelines for each of these classes including responsible gambling.
This class applies to games where there is no commission sharing between the proprietor of the gambling website and the player. Only an authorised agent can accept payments from players. And the winning prize should not exceed USD 500. These providers do not need a license but must still follow the law.
Similar to first class, second class also has no commission sharing and does not require a licence. However, the winning amount must be limited to USD 5 000 and the turnover to USD 25 000.
The Department of Internal Affairs regulates the commissions under this class. Games that fall under this class include Lotteries and Housie. Unlike first- and second-class providers, third-class providers must be licenced. Additionally, the winning amount must be limited to USD 5 000 and no machines may be used during the game.
Class 4 gambling includes online casinos and gaming machines. Corporate societies typically run this class of gambling and can only do so for legitimate purposes.
New Zealand has become an interesting market for online casino providers. For a great gaming experience, remember to choose licensed, safe and reputed providers.
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Read MoreNew Zealand has a thriving gambling industry. Statistics indicate that Kiwis spent $2.625 billion on gambling in the 2020/21 financial year. There are several reasons for the recent increase in casino games in New Zealand: New Zealand does not allow tax gambling winnings, the country allows offshore gambling sites, and it fills the void left […]
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