Online casino

Skyrocketing New Zealand Online Casino Market: What’s Driving the Boom?

The internet has gone from a source of amusement to a necessity, especially amid recent curfews, restrictions and shutdowns. Among the many things people do on the internet are watching movies, buying books, buying groceries, and even ordering food.

On the other hand, the casino industry has been particularly affected by the land-based closures. The epidemic forced their closure, and they were among the first to sink because of it.

One activity that has seen a resurgence in popularity is online gambling. According to Casinocrawlers.com, the New Zealand online casino market has exploded. So what’s driving the boom?

Online casinos fill in the blanks

Source: irishtimes.com

When we think of the best online gambling sites in the world, we don’t immediately think of New Zealand. Instead, we consider countries like the UK, US, 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 country. So there are still many unmet needs.

Online casinos in New Zealand have been quick to seize this opportunity, ensuring that players of legal gambling age can 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 is obvious. Online casinos fill the void in the absence of land-based casinos.

The absence of a national lottery

Another reason the online casino market in New Zealand is booming is that there is no national lottery. It may seem strange to include as a positive, but it is quite significant. Many people who like to gamble prefer to do so in casinos rather than through lotteries.

The lack of a national lottery means fewer gambling options, which in turn drives people to online casinos. Plus, the absence of a lottery means there’s more money available to spend on other things, like online gambling. This is good news for the New Zealand online casino market, as it indicates great potential for growth.

The rise of mobile gaming

Another factor driving the growth of the New Zealand online casino market is the boom in mobile gaming. More and more people are using their smartphones and tablets to game, and this trend is only going to continue. Mobile gaming is convenient, accessible, and offers a great way to play. Additionally, many online casinos offer special bonuses and promotions for mobile users, which further encourages people to gamble online.

Players have nowhere to go

Source: bestonlinegambler.com

With the lockdown, all land-based casinos were closed leaving players with nowhere to go. The only other legal gambling option available to them is online gambling, and so they have turned to it in droves. A recent report by Statista shows that online gambling revenue in New Zealand increased by 21% in 2020 compared to 2019. This is a significant increase and probably because players had nowhere to go. turn when all land-based casinos have been closed.

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

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

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. This means there are more options available to players, and they are not limited to country-based casinos.

This is a major advantage for the online casino industry and for players. This gives players more choice and allows them to find the perfect casino for their needs while stimulating the industry.

Kiwis like to play

Another reason for the booming online casino market in New Zealand is that Kiwis love to gamble. A recent study revealed that 67% of New Zealanders gamble regularly, which is one of the highest rates in the world. Additionally, the study revealed that Kiwis are more likely to gamble online than any other nationality. This is probably 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 gambling for entertainment.

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

The future of gambling in New Zealand

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

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

Only time will tell what the future of gambling in New Zealand holds, but it’s clear the industry is booming and will only continue to grow in the years to come. This could mean big things for both gamers 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 the closure of land-based casinos, increased Kiwi gambling and no taxes, the online casino market will only continue to grow. So if you’re looking for an exciting and entertaining way to gamble, head over to an online casino in New Zealand today. Who knows, you might be the next big winner!