Half a million active accounts at online casinos

Elwin Terry / 30 september, 2023 10:18 | Last edited on: 30 september, 2023 10:18

Since the online gambling market was legalized in New Zealand, the market has seen tremendous growth. In July this year, there were 563,000 accounts active on the online casinos in New Zealand, with BetCity and TOTO among the largest parties in New Zealand. The New Zealand Gambling Authority has also released figures on the turnover of the casinos.

On October 1, 2021, the market officially opened, at that time 10 license holders were allowed to enter the market. Now, a year later, that number has more than doubled to 22 license holders, but this doubling in legal casinos has not caused more people to gamble. On average, the casinos together provide an average of around 80 million in gross gaming profit. This result is measured by doing the total number of bets minus the amounts won. On average, players lose $ 80 million a month.

In July, there were 563,000 active players, figures from the Ksa showed that there was a BSR of 86 million dollars. Which on average amounts to just over $150 loss per player. The main goal of the Ksa was to allow 80% of online gambling players to play at casinos that are in possession of a New Zealand license. At the moment, about 85% of players play at legal casinos, in that regard, that project has already succeeded at the moment.

The exclusion register of Cruks does its job too. In the time that the register is active, more than 23,000 players have already signed up who can no longer play for 6 months or more at websites with online gambling in New Zealand.

In New Zealand, especially football betting and online casino games popular.

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