Online Gambling New Zealand: The world has been experiencing a fast-paced growth in online gambling and you may be right to attribute this to technological advancements. Consequentially, New Zealand has not been left out of this flourishing activity. However, while other nations seem to be putting laws in place to regulate and check the rise of online gambling, New Zealand, on the contrary, has just introduced gambling laws to legalise sports betting and lottery games. It is shocking, though, that while the country is yet to legalise online casino gaming, people are free to engage in online betting.
You’d want to ask “how is that possible?” Well, apparently, the gambling law set by the country has enough loopholes to allow such. Even more encouraging is the fact that players can measure the credibility of these sites just by conducting an easy search online.
A Background to New Zealand’s Gambling Laws
Initially introduced in 2003, the New Zealand Gambling Act conferred authority on the New Zealand Racing Board (NZRB) as well as the New Zealand Lottery Commission (NZLC) to control the gambling industry. All sports books and online lottery companies associated with these two bodies are regarded as legal.
Although this law clearly withholds the license for New Zealand operators to provide online casino games to in-country players, it doesn’t say anything about remote and offshore gambling operators who are outside the jurisdiction of the NZRB, NZLC, the gambling commission, and Department of Internal Affairs.
It is worth noting that physical gambling systems (land-based gambling) are legal in New Zealand. Although these land-based casinos offer casino games in full, they are not allowed to operate remotely. According to these laws, online poker and bingo games are also illegal in New Zealand.
Despite the inflexible nature of these laws, online betting still remains popular amongst New Zealanders. And because there are loopholes in the law that support the services provided by offshore gambling operators, these foreign casinos are frequented by New Zealanders.
Insight into Offshore Gambling Operators in New Zealand
Fully exploiting the loophole in New Zealand’s Gambling Act, offshore operators regularly offer features that attract nationals of the Pacific Island country. An example of this is most casinos offering the New Zealand dollar (NZD) as a currency option. Others may decide to use payment options that are New-Zealand friendly. Or offer support to customers through the nation’s toll-free lines.
These methods are appealing, and given the number of diverse sites, New Zealanders are presented with many options to bet online – the bad sites inclusive. Unfortunately, there’s not a lot that the government can do to stop people without having to change the laws. Even though it had promised to fine gambling operators involved in this illegality, it doesn’t look like these threats will be acted upon anytime soon. Unfortunately for New Zealanders, they won’t be able to sue the bad sites as easily as they would have preferred.
New Zealand’s Gambling – Favourable Tax Laws
The New Zealand tax laws affect the operators (of land-based gambling) more than it does the citizens. As long as the players don’t also host the games, they will not be taxed for their wins. Although the tax code of the Inland Revenue Department contains information about gambling taxes, they are only levied on owners and operators.
Just like in Britain and other Commonwealth countries, any monies generated from gambling in New Zealand is not categorized as income. Nonetheless, professional gamblers, who, in that sense, have no other source of income, are required to pay taxes on their winnings. There are a few problems with this law, the major one being the fact that it is easy for gamblers to remove their losses from income tax. Whereas for casual gamblers who don’t consider gambling a business, paying income tax won’t be a problem.
What to Consider In Choosing an Ideal Gambling Site in New Zealand
Given the diverse number of online gambling sites at the disposal of New Zealanders, and since online gambling has not been totally stopped yet, it would be great to give some tips on how to recognise reliable sites.
- Is It Secure?
A credible site should treat players’ details as important, guarding them very securely. Working with sites that own licenses from highly regarded jurisdictions should suffice. For example, the Gambling Supervision Commission (Isle of Man) and the UK Gambling Commission have firm security rules for any operator licensed by them.
- How Do They Offer Customer Support?
Casinos that offer assistance to customers through the local language are more preferable. Also, the support options should be both fast, free, and available at appropriate times of the day.
- What Are The Available Payment Options are there in New Zealand Casinos?
Gambling operators that offer payment options that are prevalent in New Zealand are the easiest to work with. Players should opt for options like POLi and PayPal.
- Do They Have A Proven Record?
What history does the site have? Ideally, this site should have an excellent record to prove that they have been offering good services to New Zealanders. A search for reviews online may help with providing insight on this. Players should also be on the lookout for awards, accreditations, or approvals in favour of the casino.
Currently, the atmosphere in New Zealand seems to support online gambling. However, there could be some sort of shift and these regulations might change in the coming future. Conversely, as long as the current situation remains, New Zealanders interested in gambling should patiently and diligently choose the right casino using the above tips.
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