New Zealand and Australia are popular destinations for online gambling and casino developers. These two countries present a market full of gambling fans and online businesses want to seize the opportunity. Internet gambling has already become quite popular in New Zealand, but little is known about this particular market as the activity has yet to be fully regulated.
New Zealand’s Problem Gambling Foundation has delved into the topic, publishing a fact sheet illustrating the popularity of online gambling in the country. According to the report, 8-10% of New Zealand residents participate in some form of online gambling. This includes playing casino games on the Internet or via mobile phones. Television gambling is also included in the category.
At this time, very little is known about the New Zealand online gambling market, but some studies have revealed quite a bit of information. For example, it appears UFABET that Maori people are more likely to gamble online, as 17% of all online players in the country have that particular ancestry. Other studies indicate that young men of Asian descent are also likely to participate in online gambling.
The country’s current online gambling laws state that the only companies that can offer Internet gambling services to residents are those regulated by the government. As it stands, the only two operators authorized to do so are TAB Corp and the New Zealand Lottery Commission. It is not illegal for residents to participate in online roulette, online slots and other casino games offered by international operators, but those operators could face fines for offering their services in the country.
While New Zealand seems to have very strict guidelines on online gaming, things seem to be changing. For years, TAB Corp was the only company licensed for online gambling in the country, but the government recently allowed the New Zealand Lottery Commission to launch its own online gaming website. The New NZ Lotto website allows players to buy tickets online and play other online casino games, a huge step forward for the New Zealand gambling market.
It is not yet known whether the country will begin licensing foreign operators, but many residents continue to access gambling websites abroad. In an industry that is worth millions of dollars each year, it may be a wise choice for the New Zealand government to consider regulating all forms of online gambling activities.