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NZ Online Casino Market Skyrockets: What’s Driving the Boom?

The internet has evolved from a source of amusement to a necessity, particularly amid recent curfews, restrictions, and lockdowns. Among the many things people do on the internet are viewing movies, buying books, going grocery shopping, and even placing food orders.

On the other hand, the casino industry has been particularly hard hit by the land-based lockdowns. The epidemic forced their closure, and they were among the first to go dark due to it.

One activity that has seen a surge in popularity is online gambling. According to Casinocrawlers.com, the NZ online casino market has skyrocketed. So, what’s driving the boom?

Online Casinos Fill In The Blanks

Source: irishtimes.com

When we think of the best online gambling locations globally, we don’t immediately think of New Zealand. Instead, we consider countries like the United Kingdom, the United States, and Australia. However, you may want to reassess your plans and include New Zealand. Only six casinos operate on a land-based basis in this remote nation. Therefore there are still many unfilled needs.

Online casinos in New Zealand have rapidly seized on this opportunity, ensuring that players of the legal gambling age may enjoy a wide range of exciting and entertaining casino games regardless of their location. As a result, the number of online casinos in the country is increasing, and the reason for this is obvious. Online casinos are filling in the void in the absence of land-based casinos.

The Lack Of A National Lottery

Another reason why the NZ online casino market is booming is that there is no national lottery. This may sound strange to include as a positive, but it’s quite significant. Many people who enjoy gambling prefer to do so in casinos rather than through lotteries.

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The lack of a national lottery means fewer options for gambling, which in turn drives people to online casinos. In addition, the lack of a lottery means that there is more money available to be spent on other things, such as online gambling. This is good news for the NZ online casino market, as it indicates a lot of growth potential.

The Rise Of Mobile Gaming

Another factor driving the growth of the NZ online casino market is the rise of mobile gaming. More and more people are using their smartphones and tablets to gamble, and this trend is only set to continue. Mobile gaming is convenient, accessible, and offers a great way to gamble. In addition, many online casinos offer special bonuses and promotions for mobile users, which further encourages people to gamble online.

Gamblers Have Nowhere To Go

Source: bestonlinegambler.com

With the lockdown came the closure of all land-based casinos, which left gamblers with nowhere to go. The only other legal gambling option available to them is online gambling, and so they turned to it in droves. A recent report by Statista shows that New Zealand’s online gambling revenue increased by 21% in 2020 compared to 2019. This is a significant increase and is likely because gamblers had nowhere else to turn to when all land-based casinos were closed.

The report also found that the number of online gamblers in New Zealand increased by 14% in 2020, indicating that more people are turning to online gambling as their only option.

With the increase in revenue and the number of gamblers, it is no wonder that the online casino market in New Zealand has skyrocketed.

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They Allow Offshore Gambling Sites

Another reason for the booming online casino market in New Zealand is that they allow offshore gambling sites. These are sites not based in New Zealand but are still accessible to players in the country. The fact that New Zealand allows players to access offshore gambling sites is a major advantage for the online casino industry. It means that there are more options available to players, and they are not limited to the casinos based in the country.

This is a major benefit for both the online casino industry and players. It gives players more choice and allows them to find the perfect casino for their needs while also boosting the industry.

Kiwis Are Into Gambling

Another reason for the booming online casino market in New Zealand is that Kiwis are into gambling. A recent study found that 67% of New Zealanders gamble regularly, which is one of the highest rates in the world. What’s more, the study found that Kiwis are more likely to gamble online than any other nationality. This is likely because there are more options available, and they are not limited by location.

This means that the online casino market in New Zealand will continue to grow as more and more Kiwis turn to gamble as a way to entertain themselves.

They Don’t Have To Pay Taxes

Source: expattaxes.com

Finally, another reason for the booming online casino market in New Zealand is that they don’t have to pay taxes. This is because the government does not tax gambling winnings.

This is a major advantage for both players and casinos, as it means that more of the money that is won can be kept by the player or reinvested into the casino. This is a major benefit for both the players and the industry, and it is one of the reasons why the online casino market in New Zealand has been able to grow so rapidly.

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The Future of Gambling in New Zealand

It is evident that online gambling is on the rise in New Zealand and that the trend is likely to continue. This could mean big things for the future of gambling in the country.

With more and more people turning to online gambling, the industry will grow even further. This could lead to the development of new casinos and the expansion of existing ones. It could also lead to increased jobs and investment in the industry.

Only time will tell what the future of gambling in New Zealand holds, but it is clear that the industry is on the rise and is only going to continue to grow in the years to come. This could mean big things for both the players and the industry, and it will be interesting to see how things develop in the future.

Conclusion

As you can see, there are many reasons for the booming online casino market in New Zealand. With land-based casinos closed, more Kiwis gambling, and the lack of taxes, the online casino market will only continue to grow. So if you’re looking for an exciting and entertaining way to gamble, check out an online casino in New Zealand today. Who knows, you might be the next big winner!

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