It may be a few years before New Zealand residents can enjoy legal online gambling. Yet, lawmakers are working on the matter and legislation is expected to be implemented by 2026. Until then, however, iGaming is only possible via unlicensed or offshore operators as the country lacks laws regarding online gambling.
Legalizing iGaming Will Help Estimate the Rate of Problem Gambling
Similar to markets across Europe and North America, New Zealand can benefit from legalizing online gambling. Notably, the activity can generate additional tax revenue. At the same time, regulating iGaming can help prevent and decrease the rate of problem gambling. Although problem gambling in the country isn’t such a health issue as in nearby Australia, the rate of problem gamblers is yet to be properly evaluated considering missing data from the online vertical.
The legalization of online casinos in New Zealand is led by Brooke van Velden, the country’s Minister of Internal Affairs and Minister for Workplace Relations and Safety. Ultimately, by regulating online gambling activities, the government anticipates protecting the gamblers and ensuring the compliance of the licensees. As noted, the activity will also generate tax revenue which may be used for community programs, treating problem gambling and preventing harm.
Overhaul of the Country’s Gambling Laws Is Needed
Currently, there’s a wide range of gambling activities available to Kiwis. The list includes casino gambling, including poker, slots and table games. In addition, the country offers bingo and other gambling activities. However, gambling remains restricted to land-based locations.
The efforts of Minister Van Velden seek to address the growing need for online gambling activities. It is likely that the regulation will permit online casino games, such as slots, poker or table games. Yet, the future of online sports betting or online lotteries remains uncertain, at last for the moment.
The overhaul of the gambling regulations will see lawmakers update the country’s Gambling Act 2003 that, in its current form, doesn’t enforce rules for the online gambling vertical.
Following the example of other countries across the globe, New Zealand will establish a licensing system for iGaming operators. Under the rules, a gambling authority will be tasked with granting licenses, monitoring the sector and enforcing penalties in the event of breaches. While the licensing system for iGaming operators is expected to be implemented by 2026, the process may be expedited.
