New Zealand’s Online Gambling Market

New Zealand has one of the largest populations of gamblers around the globe. Even though it’s a tiny nation with just 4.4 million people living there The New Zealand population spends billions of dollars gambling each year. The game of casino on land is extremely popular, however, online gambling has grown in popularity in recent decades.

 

At present, New Zealand’s gambling laws slot online gampang menang do not permit online gambling. Contrary to many other countries, New Zealand’s laws don’t penalize players for participating in online gambling. Instead the online casino and poker operators that provide service to New Zealand residents are prosecuted for their actions. Advertising for casinos online as well as online gambling companies is also banned by the laws of New Zealand. Since the law has been passed, there have been no operators have been punished.

 

There are two operators who are able to provide its services for New Zealand residents: TabCorp and the New Zealand Lottery Commission. TabCorp is among the largest gambling companies based on land in the country . It has held a monopoly over the online gaming market for many years. The online gambling website of the company has made billions during the last five years, and is showing no signs to slow its pace. As of 2011, the TabCorp’s internet-based gambling services generated more than $700 million in revenues. After a hugely profitable venture into the world of online gambling TabCorp is now turning its sights set on the lucrative mobile gaming market.

 

The New Zealand Lottery Commission has recently launched its own online gambling platform, which allows customers to buy lottery tickets on the internet. Customers sign up on the site just like they do at any other casino online, and can also fund their accounts by using banks or credit cards. There is a $150/week limit or $300/month limit on spending on the NZLC’s site, and players are able to opt for lower limits if prefer. It is also possible to play keno. New Zealand Lottery Commission also offers online bingo and Keno.

 

While there are strict regulations that govern which businesses can offer casinos online to gamblers however, it appears that the government of New Zealand may be considering the possibility of regulating gambling sites offshore. After witnessing the rapid increase in offshore gambling sites and the success other countries have achieved in regulating markets, New Zealand’s government appears ready to follow in the footsteps of other countries. This year it was the time that the Inquiry into Online and Interactive Gambling was initiated. This review could result in reforms to online gaming which could see being legalized and regulated gambling offshore within New Zealand and Australia.

 

 

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