New Zealand Gambling Laws – What You Need to Know
New Zealand has a long history of gambling, and throughout that time, many severe laws have been put in place. Someone living in New Zealand by the name of George Julius had a profound effect on the development of sports betting in New Zealand. The “automatic totalisator” that Julius invented is a tote board used in the infield of race tracks to show the current positions of the horses.
Gambling is a rapidly growing industry in New Zealand
Gambling is a rapidly growing industry in New Zealand. With more and more people turning to gamble as a way to make money, the government has had to step in and regulate the industry. The new laws are designed to protect gamblers from themselves and ensure that they can gamble responsibly.
The gambling industry is deeply controversial in New Zealand. Gambling is a huge industry in New Zealand and it is expected that it will only increase in size as more people gain access to the Internet.
The government wants to ensure that it protects its citizens from the dangers of online gambling, while not stifling growth in the New Zealand online gambling industry.
Rules Governing Current Gambling
Under the Gambling Act of 2003, any kind of gambling not specifically permitted by the New Zealand government is illegal within the country. The government issues separate licences for each of the four categories of gambling. Each category has a different maximum payout and turnover percentage, and players must be at least 20 to access a casino but only 18 to play sports betting scratch cards, or lotteries.
Class 1: The total price pool or turnover for Class 1 gambling cannot exceed $500. Those who come out on top in any given process must comply with whatever rules were set forth for that particular process. A private citizen may only engage in Class 1 gambling.
Class 2 wagering requires a total prize pool of $2,500 or less. Total sales must be over $500 but less than $25,000. Class 2 gaming does not require a licence, although it can only be operated by the kind of organisations specified in the Gambling Act.
Class 3 gambling requires awards of more than $5,000, and Class 4 gambling involves the use of gaming machines. The casino does not need a licence to operate under Class 3 or Class 4.
Online Gambling In New Zealand
As long as the internet casino is located outside of New Zealand, residents there need not worry about legal ramifications. Slot machines, lottery games, sports/race betting, and traditional casino games are the sole options for those who want to gamble with New Zealand operators.
Despite the country’s strong rules on the gambling industry, the government’s main focus is on closing down unlicensed New Zealand companies. The government has made it plain that if a New Zealander is of legal age and the online casino is located elsewhere, then there would be no legal repercussions. Craps, poker, blackjack, keno, roulette, slots, and video poker are all available.
As long as the casino’s operator is based outside of New Zealand, you are also free to deposit and withdraw any real money you win. New Zealand dollars (NZD) are widely accepted at a wide variety of online casinos.
In many online casinos, Kiwi dollars can be deposited, withdrawn, and used for play. If the gambling establishment accepts New Zealand dollars, the player won’t have to worry about the additional costs associated with exchanging currency.
Is it Risky to Bet Online in New Zealand?
Given that there are currently no online New Zealand casinos, gamblers from the country will need to rely on the good faith of other governments and comply with their rules regarding online gambling. But this only proves that many foreign nations are accepting the New Zealand dollar as a means of enticing visitors from New Zealand.
It’s important to verify that the casino you’re considering playing at is licenced and regulated appropriately in the country where its operations are headquartered.
If you want to play at a reputable online casino, seek the eCOGRA seal of approval at the site’s footer. This demonstrates that the casino uses sophisticated encryption and fair gaming methods. Any reasonable New Zealander would feel secure depositing money with them after reading this.
Can a New Zealander File a Complaint over Mistreatment?
Even though the New Zealand authorities can’t do anything about an international or foreign gambling site. For any complaints about the casino’s fairness, players can contact eCOGRA, an organisation that mediates disputes between players and the casinos they have validated.
Conclusion:
While the penalties for breaking New Zealand’s strict gambling regulations are severe, the laws themselves are not the problem. Assuming they are of legal age, anyone from New Zealand can play at an online casino. It is the player’s responsibility to verify that they are using a legitimate online casino. and New Zealand dollars are accepted there.