Things to Know About Online Casinos in New Zealand - casinobillionaire blog

How much do you know about online casinos? Also called the Internet or virtual casinos, you can play traditional gambling games like roulette, blackjack, and poker via the Internet. Online casinos New Zealand have been witnessing rapid popularity for several years now.

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According to a study, people spent around 620 NZ$ on online gambling between 2018 and 2019. On average, they spend about 600 NZ$ on this kind of gambling. If you are interested, you should go ahead and see for yourself what makes it so popular. But it would help if you did that in the best ones only, for safety purposes and a wonderful experience.

Here are helpful tips and suggestions to help you find the best NZ virtual casinos.

Are Online Casinos Legal in New Zealand?

New Zealand has a gambling act that goes back to 2003, which is today controlled by the Department of Internal Affairs. Betting is divided into four classes: Class 1, 2, 3, and 4. Slot machines, dice, card, and poker games fall in the Class 4 category. It also requires an operator’s license and a venue license for where the activity is held.

According to the law, any type of online gambling is illegal if conducted within the country. The exceptions to that rule are betting on races, lotteries, and any sports controlled by authorized bodies like TAB and Lotto NZ.

TAB was formerly known as the New Zealand Racing Board and Racing Industry Transition Industry. However, the law allows betting on offshore websites (where the websites’ servers are hosted outside the country).

Do You Have to Pay Taxes on Winnings?

No, there are no laws in New Zealand at present that require you to pay taxes on winnings from online casinos. According to the law, they do not have to be declared as income. However, money won and invested in the bank, and the dividends will be counted as income and taxable.

How to Find the Best Online Casinos?

• Read Online Reviews
  Read plenty of reviews before opting to play in a particular casino. There are trusted casino review websites based in New Zealand which provide detailed reviews and analysis regarding the overall experience. They will also help you understand the prices, variety of games available, payment process, offers, bonuses, and safety. If you have a friend, colleague, or anybody who has dealt in virtual betting before, ask them if it was worth it.

• Pay Careful Attention to the Payment Methods
  The website in question should have a variety of payment methods that are valid in New Zealand. They should also offer a variety of options. Any method you choose should be safe, secure, and conveniently guarantee funds transfer into your account. One of the most common online payment tools is PayPal and credit cards, including American Express, MasterCard, and VISA. Other preferred methods are Skrill, Bank Transfer, Neteller, and POLi. Some operators will also let you use a cryptocurrency like Bitcoin, which is equally safe. If you use your debit card, you will have to enter your details just once, as the casino operator will record all of it the first time itself. You should also be able to withdraw money in the form of New Zealand dollars or NSD at any given time.

• Try to Go for Those with a License
  Most of the online casinos that New Zealanders visit have websites that are based overseas. Although the governments of that country may not legalize them, they are licensed and regulated to ensure that virtual wagering is safe and protected. It is recommended that you go with a casino with a license since that will mean that they are bound by their country’s gambling laws and regulations. It is also good to inquire where the website’s servers are located.

See if They Have Mobile Options

People utilize smartphones for a variety of purposes, including Internet betting. Any good operator should provide you the option of playing on mobiles and tablets on various platforms, including Apple, Android, and Windows.

That is particularly significant because, according to the recent stats, more than 135.6% of the people in New Zealand have smartphones, and the chances are that you also have one.

Go for an online gaming site that has an app and lets you do that. It would be even better if they offered the option of betting without downloading or installing the app. If you have to install the app, make sure you read plenty of reviews while doing so.

A Final Word...

These are a few tips related to online casinos in New Zealand that you will find helpful, especially if you are a beginner. Virtual casinos are fun, easily accessible, and extremely enjoyable, but you should be thoroughly informed and ready before trying your hand at it.