Gambling has been an integral part of the New Zealand culture for centuries, yet the legal gambling scene in the country is still relatively small compared to in other countries. Nonetheless, it’s a thriving industry.
A brief history of gambling in New ZealandGambling in New Zealand dates back to the 19th century. The first such activity in the country was horse racing, which began in 1835, and this was followed by the introduction of lotteries and other forms of betting, such as sports betting and casino games. In the early 20th century, gambling became more popular with the opening of several casinos in Auckland and Wellington. However, it wasn’t until 1967 that it was officially legalized, with the passage of the Gambling Act.For more real money online casino you can always visit Wiser Gamblers to make your informative decision about the best online casino site
The different types of gambling available in New ZealandNew Zealand offers a wide variety of gambling options for its citizens. The most popular form is the lottery, which is available in both online and offline formats - players can purchase tickets from authorized retailers or play online through the official website. Sports betting is also especially popular as it allows players to bet on local and international sporting events, with horse racing top of this particular category, perhaps due to the country's many tracks.
Also available nationwide, as well as online through websites such as Guts NZ, are casino games like blackjack, roulette, slots, and video poker; in fact, poker tournaments are held regularly at a variety of venues, allowing players to compete against each other for cash prizes or tournament points. Finally, bingo halls offer players an exciting way to win prizes while having fun with friends and family.
The impact of gambling on the economy in New ZealandGambling has had a significant impact on New Zealand's economy. According to a report by the Ministry of Health, it's estimated to contribute around $1.2 billion annually to the country’s GDP; this figure includes both direct and indirect contributions from gambling activities, such as taxes, wages, and profits generated by casinos and other gaming establishments. Gambling also provides work opportunities for thousands of people in the country, with an estimated 10,000 people employed directly or indirectly in the industry. And lastly, it has been found to have positive effects on local businesses that are located near casinos or other gaming venues, as they benefit from the increased foot traffic.
The gambling laws and regulations in New ZealandGambling in New Zealand is controlled by the Department of Internal Affairs. All forms are legal, including online gambling, but there are some restrictions and regulations that must be followed. For example, all winnings from any form of gambling are subject to taxation under the Income Tax Act 2007, and it's illegal for anyone under the age of 20 to gamble in the country or participate in any form of remote interactive gaming. Specifically pertaining to internet gaming regulations, all online gambling operators must be licensed by the Department of Internal Affairs and must comply with their rules and regulations, and all online gambling sites must display a warning on their website about the risks associated with gambling.The New Zealand government is also associated with the Gambling Helpline, which provides free and confidential support 24/7 for anyone affected by gambling problems.
