Peculiarities of Gambling Development in NZ & Its Future Prospects

New Zealanders are known as loyal casino fans, so it’s not surprising that the industry is quickly developing within the country. Since the 19th century, NZ residents have highly appreciated gambling activities, which were considered legal until 1908. This year, the act prohibiting casinos and sportsbooks was released. During the last 40 years, players could take advantage of horse racing betting only, which remained one opportunity to bet at all.

The beginning of the 1950s was marked by eliminating prohibitions in the gambling sphere: players could enjoy their favorite entertainment again. However, the first land-based establishment in New Zealand was opened only in 1994, and a new gambling history began. Casinos opened one after another, rapidly gaining popularity. But the real boom came with the appearance of Internet-based platforms that allowed adrenaline fans to enjoy their favorite online slots games without leaving home. The novelty was highly appreciated by passionate gamers since gambling became accessible and easy for everyone.

It’s worth noting that NZ laws still ban establishing online casinos inside the country. However, players can enjoy gaming clubs whose servers are located in other regions. It is worth noting that it has a significant advantage for users since their winnings are exempt from income taxes.

Quick Rise of Online Gaming Websites

Gambling is considered traditional entertainment in NZ, so it’s not surprising that the industry is so developed in the country. The number of online casinos available for residents constantly grows, and users take advantage of all the benefits they offer. Of course, the Covid pandemic in 2019 significantly influenced the development of this entertainment: most people stayed at home and searched for ways to have fun.

In addition, gambling operators themselves have evolved during the last decade. You will hardly meet primitive gaming solutions since software providers regularly release something innovative. The main reasons for online casinos’ popularity include the following:

  • Accessibility for players: it’s enough to have a device and Internet connection to have fun
  • Gambling is legal and not taxed within the country
  • Most gaming platforms work perfectly on mobile devices
  • Users can find thousands of fantastic games with exclusive features suiting all preferences
  • Depositing and withdrawing funds is quick and easy since operators offer numerous banking systems to their players
  • Online casinos offer fantastic promotions to attract members to their websites

The latter point causes a lot of doubts among users, but it’s not necessary to ignore bonuses, fearing being deceived. The competition in the industry is really high, so casinos are forced to use all means to attract new customers and keep the existing ones. And promotions are the most effective way to make players pay attention to a certain gaming club. So don’t hesitate to take advantage of juicy deals, but remember to read all terms and conditions of their usage.

Prospects of Online Casinos’ Development in the Future

Gambling has become the most common entertainment, and it’s evident that it won’t change during the following years. Of course, land-based establishments are still in demand, but most players prefer online clubs due to their accessibility. Technological advancement significantly influences online casinos, and we are confident that operators will add even more novelties to please players. For instance, VR is quickly gaining popularity among users, so it’s possible that more gambling platforms will implement it into their activities. Blockchain technology is another trend that won’t lose its relevance: Bitcoin transactions are becoming more widespread among gamblers, so crypto casinos are yet to develop even more in the future.

Categorised as Blog