New Zealand’s Online Gambling Market

New Zealand has one of the biggest gambling populations in the world. Despite being a small country with only 4.4 million inhabitants, New Zealand’s residents spend billions of dollars on gambling every year. Playing land-based casino games is particularly popular, but online gambling has increased in popularity over the years.

Currently, New Zealand’s gambling laws prohibit online gambling. Unlike many countries, the laws do not punish players for taking part in internet gambling activities; instead, online casino and online poker operators who provide their services to New Zealand residents are prosecuted for doing so. The advertisement of online casinos and online gambling brands is also prohibited in New Zealand. Fortunately, since the legislation has been passed, no operators have been reprimanded.

There are only two operators that are allowed to offer their services to New Zealand residents: TabCorp and the New Zealand Lottery Commission. TabCorp is one of the biggest land-based gambling operators in the country and has had a monopoly on the internet gaming market for years. The company’s online gambling website has earned billions of dollars over the course of the past five years and shows no signs of slowing down. In 2011, TabCorp’s online services brought in over $700 million in revenue. Following an incredibly successful foray into the online gaming world, the operator now has its eyes on the mobile gambling market.

The New Zealand Lottery Commission has just launched its own online gambling service, allowing customers to purchase their lottery tickets online. Players register to the site as they would at any other online casino, and they can fund their accounts using the credit cards or bank accounts. There is a $150/week or $300/month spending limit at the NZLC’s website, and players can choose lower limits if they wish. The New Zealand Lottery Commission also offers online bingo and keno.

Although there are strict rules dictating which companies may and may not offer online casino services to players, it seems that New Zealand’s government may be looking into the option of regulating offshore gambling websites. After witnessing the huge growth of offshore gambling websites and success that other countries have had in regulating the market, the government seems ready to follow suit. Earlier this year, the Inquiry into Interactive and Online Gambling was launched. The review may lead to an online gambling reform, which would see the legalization and regulation of offshore gambling in New Zealand and Australia.

Online Gambling – The Rewards That Make a Difference in Your Game

Human beings have engaged in betting since antiquity. For a long time gambling was an activity that took place only in exclusive casinos. Not everyone could afford or access these places. Online gambling, which became a reality around 1995, allowed gambling to be a past time for many more people. Software that simulates games of chance had been in existence for a while. The use of internet became common place and inexpensive and was crucial to the establishment of gambling websites. Another necessary factor was the mechanism to make and receive payments online in a secure manner. The final piece of the jigsaw puzzle was the creation of authorities that licensed and regulated gambling operators.

Once gambling websites were established around 1995 they began to proliferate quickly. The period 2000 to 2006 was a boom time for the online gambling industry. This is because online gambling offers many advantages over land based gambling. The biggest advantage is that players can engage in online gambling from home. All that they need is a home computer or lap top with an Internet connection. Players no longer have to spend money to travel to the casino

No spending time and money to travel to casinos or going on holidays to Las Vegas. Players can come home and immediately log on to their favorite online gambling site.

Online gambling is exceptionally convenient for people who are afraid of posh casinos, with well dressed staff efficiently conducting operations and knowledgeable players who are proficient at the art and science of gambling. Internet gambling is an anonymous activity. Many of these games are played solo with the online casino software. Even in multiple player games there is no need to be face to face with other players. Most of players use nicknames and no one need know from which part of the world they are from. They can make their mistakes without fear of being made fun of and can learn the ropes at their own rate without worrying about losing a lot of money. And formal dressing can be dispensed with.

Another major advantage of gambling websites is that it delivers greater average returns to the player. The costs involved in setting up and operating internet gambling sites is much lower than that for land casinos. Because there is no real estate, there are no expensive buildings and minimal staff to pay. Thus making gambling sites do not need to make a lot of money to cover their costs and provide a return to their owners. Because of the competition in the online gambling industry, the savings are handed on to the players in the form of larger average returns. This is particularly evident in online slots where the average return is around 95%. Where as land based slots the average return may be well below 90%.

Online gambling today covers a wide range of product verticals. Sports betting can be conducted online. Players have access to the most current odds and can even engage in live betting through online gambling. Poker is yet another well-liked form of gambling. Players can play both fast cash games and in online tournaments. Online casinos offer gambling on blackjack, baccarat, roulette, craps, video poker, online slots and other games. Other forms of online gambling can include bingo and financial betting.

What Countries Allow Online Gambling

The world of internet gambling is strictly regulated and it is important to first be aware of what countries allow online gambling before you start. Online casinos have experienced a steady growth in popularity over the past few years, with more and more people registering with sites in order to enjoy their favorite casino games.

You will find a few countries around the world where this practice is legal and many of them house servers that are accessible to people residing in countries where it is not. This means that if you live in a country where gambling online is banned, you might still be able to play by dialing into a server that is hosted outside of your country.

The United States of America

It is true that more and more countries are realizing the benefits of legalizing internet gambling and are actively taking steps toward this. However, the law governing the prohibition of internet gambling in America is somewhat unclear. The estimate is that approximately 70 percent of US citizens make up the internet gambling population and suffer little consequences because of it. It may be that the situation is difficult to monitor and regulate because gambling online happens in the privacy of your home and not in the public eye.

Online Gambling Around The World

You can do a simple search online to find out what countries allow online gambling. The list below reflects a few of these where online gambling is legal:

Australia
Belgium
Canada
France
Germany
Gibraltar
Hungary
Ireland
Italy
Liechtenstein
Macau
Malta
New Zealand
Panama
Philippines
Poland
Russia
Scandinavia
Singapore
Spain
Switzerland

Countries like Argentina, Mexico and a few Asian countries have all started the process of legalizing online gambling.

Enforcement and Regulation

Although the internet gambling industry is heavily regulated, experts admit that it is difficult to monitor because of its fairly anonymous nature. This poses a problem where online gambling is banned because it is virtually impossible to pinpoint players in the country who sign on from their homes. This begs the argument that why ban online gambling at all if it is so easily accessible and difficult to monitor? Regulation remains easier than prohibition in most cases and the trend seems to show that more and more countries are realizing this.

It is best to properly investigate what countries allow online gambling to ensure that you are on the right side of the law when enjoying your favorite casino games. This will also guarantee that you get to keep whatever winnings you make online.