Written by brownpanda931 on September 22, 2020
Online Gambling Law & Regulation: Facts, Figures and Trends
Online Gambling
We usually gamble online without giving much thought to legalities, licensing, and regulation although these issues are of great importance.
Online gambling is still a rather young industry which is fast gaining popularity, and many governments still don’t know how to deal with it. Even countries that have legalized online gambling took a long time to realize that existing laws were outdated and to frame effective regulatory frameworks for online gambling.
Sports betting in New Zealand happens to be a thriving market. NZ sports bettors are free to place bets online, with many big-league UK online bookmaker websites accepting Kiwis as well. While it is a small country, with a population of just 4.6M, which means it doesn’t exactly attract the attention received by Australian or British citizens, NZ bettors, nevertheless have many top-notch choices to pick from. The best NZ online sportsbooks allow in-play/live betting from mobile and desktop computers, along with the facility to place bets on soccer, cricket, and rugby.
This NZ sports betting guide offers a detailed report about the top betting websites & payout methods available in the market. A discussion of NZ sports betting legalities & NZ gaming laws will also be conducted here. A history of NZ’s gaming laws and details of resources useful for NZ sports bettors will also be discussed here.
The Internal Affairs Department controls all gambling activities in NZ. Every public gambling venture is required to reinvest a part of its profits back in the community. State-owned ventures take up the lion’s share of the New Zealand gambling industry. Losses faced by players (Gambling expenditure) were projected at around NZ$2.034B (a per capita expenditure of NZ$480) in 2008, which was a 10x increase compared to 1985 figures.
The BCLB has begun cracking down on several betting firms, lotteries, and casinos, thanks to a directive from Dr. Matiang’I, the Interior Cabinet Secretary, that all betting firms had to be vetted again by Jul 1.
The board has decided to postpone the operational license renewals of 8 betting firms, 6 lotteries, and 13 casinos until this vetting exercise has been completed.
In Nigeria, most kinds of gambling and betting have been deemed illegal under the Nigerian Criminal Code’s Chapter 22 regulations. However, exceptions like national lotteries, backgammon, skill-dependent card games, and the country 3 licensed casinos do exist. This law also allows the government to run racing totes and betting pools.
Sports betting via online websites is now the latest trend in Nigeria, a major African country. This includes sports betting, online poker, and casino games. The Nigerian gaming and sports betting industry has seen astronomical growth take place in the recent few years, a phenomenon caused by the country’s large population and enhanced Internet access facilities across the country.
Gambling…what’s your attitude?
