From 1 October 2021, it will be possible for online casinos to enter the New Zealand market. They can apply to The New Zealand Gaming Authority for a licence for the New Zealand market. Previously, this was not yet possible and were officially seen only online casinos who belonged to The New Zealand government such as Toto.nl and the state lottery is legal to gamble. In this blog we try to explain what this new situation means for you?
Of course, until October 1, 2021, it was possible to simply gamble online on websites such as unibet and Bwin. However, this was not legal, which is why no tax was often paid. As of that date, these online casinos have chosen to ban New Zealand players from their website. They choose to do everything neatly through the rules until the website is in possession of an official license. From then on, the New Zealand players are welcome to take a gamble again.
A number of casinos already meet the conditions set by The New Zealand Gambling Authority. Since October 1, therefore, the first 10 casinos have been admitted to The New Zealand market. The following 10 casinos are currently the only 10 that have a license:
- Betcity.nl
- Bet365.nl
- Captain Cooks.nl
- GGPoker.nl
- Royal Vegascasino.nl
- Twin.nl
- TOTO.nl
- All Slotscasino.nl
- SkyCitycasino.nl
- livescorebet.com
What does the new situation regarding online gambling in New Zealand mean for me?
Previously, the situation in New Zealand was that with an amount of $449 or more, you had to immediately pay 29% gambling tax to The New Zealand tax authorities. Of course, the situation was different with websites like Unibet, but with these websites it was mandatory to declare your winnings on your tax return.
The good news about the fact that online casinos have been admitted to The New Zealand market from October 1st is that you no longer have to take gambling tax into account and declare gambling winnings on your tax return.
Previously, for example, you automatically paid 29% tax on toto.nl if you managed to win more than $449 on 1 bet. This 29% was then withheld from the amount won. Now this has changed, the online provider such as Betcity or bet365 itself pays taxes to The New Zealand tax authorities. So if you win $ 1,000 in the casino with roulette or $ 500 with a football bet, there will be no 29% tax withheld. So, the won amount is completely for you.
“I always prefer to play on Evolution Games, it's not accidentally gebNZDd, “noted the player, who described Evolution's games as " very safe."We are always curious what someone would buy first after a big win and this gambler told the casino that he planned to buy a new house and a new car!
Stricter rules for online casinos
With the entry of the New Zealand market, casinos are bound by stricter rules. For example, there are rules in the field of advertising. For example, casinos should not specifically target vulnerable groups such as minors or young adults.
Online casinos must also check whether the players are registered with Cruks. Cruks is an online register for exclusion games of chance. This is a list of players who have excluded themselves from online gambling for a certain period of time. This prevents you from excluding yourself from website A, but continuing to gamble on website B.
In addition, the casinos still have to adhere to other rules. For example, no bonuses may be offered while playing and policies must be implemented to combat addiction. For example, the government hopes to create a safer environment for online gambling.
Do I have to pay taxes if I win on toto.nl?
No, since 1 October 2021 it has been regulated that casinos pay tax to The New Zealand tax authorities. Thus, the amount won is completely net. So if you win $ 50 or $ 500 with a football bet, you do not pay tax on this.
Do I have to pay taxes if I win on betcity.nl?
No, since 1 October 2021 it has been regulated that casinos pay tax to The New Zealand tax authorities. Thus, the amount won is completely net. So if you win a nice amount by placing a football bet or slot machine then this amount is tax free. The amount won is completely for you, even if this amount exceeds $449.
Do I have to pay taxes if I win on bet365.nl?
No, since 1 October 2021 it has been regulated that casinos pay tax to The New Zealand tax authorities. Thus, the amount won is completely net. So if you win a small or large amount by placing a football bet, betting on Formula 1 or, for example, horse racing, you do not have to pay tax on the amount won. The amount won is completely for you, even if this amount exceeds $449.
Do I have to pay taxes if I win on Captain Cooks.nl?
No, since 1 October 2021 it has been regulated that casinos pay tax to The New Zealand tax authorities. Thus, the amount won is completely net. So if you win a nice amount with, for example, a football bet on Captain Cooks.nl then you no longer have to pay taxes. The amount won is completely for you, even if this amount exceeds $449.
Do I have to pay taxes if I win on GGPoker.nl?
No, since 1 October 2021 it has been regulated that casinos pay taxes to The New Zealand tax authorities. Thus, the amount won is completely net. If you are playing a poker tournament on GGPoker.nl a nice amount wins, so this is tax-free. The same applies if you win a nice amount during the cash game. The amount won is completely for you, even if this amount exceeds $449.
Do I have to pay taxes if I win on Twin.nl?
No, since 1 October 2021 it has been regulated that casinos pay tax to The New Zealand tax authorities. So if you win a nice amount playing bingo on Twin.nl then the amount won is completely net. The amount won is completely for you, even if this amount exceeds $449.
Do I have to pay taxes if I win at All Slotscasino.nl?
No, since 1 October 2021 it has been regulated that casinos pay tax to The New Zealand tax authorities. So, for example, if you win a nice amount on a slot game or you win the jackpot at All Slotscasino, the amount won is net. The amount won is completely for you, even if this amount exceeds $449.
Do I have to pay taxes if I win on SkyCitycasino.nl?
No, since 1 October 2021 it has been regulated that casinos pay tax to The New Zealand tax authorities. So, for example, if you win a nice amount on a slot game or you win the jackpot at SkyCitycasino.nl then the amount won is net. The amount won is completely for you, even if this amount exceeds $449.
Do I have to pay taxes if I win on livescorebet.nl?
No, since 1 October 2021 it has been regulated that casinos pay tax to The New Zealand tax authorities. Thus, the amount won is completely net. So if you win a small or large amount by placing a football bet, betting on Formula 1 or, for example, horse racing, you do not have to pay tax on the amount won. The amount won is completely for you, even if this amount exceeds $449.
Elwin Terry
Elwin advises start-up companies and SMEs in the field of marketing communication and brand identity. Thanks to his years of content experience, he knows how to make information readable for our website visitors.
