Five Key Facts About the iGaming Industry in New Zealand

The iGaming industry in New Zealand is a rapidly growing sector of the economy. With the rise of online gambling, more and more people are turning to the internet to play their favorite games. As a result, the iGaming industry in New Zealand is becoming increasingly important. Here are five key facts about the iGaming industry in New Zealand:

1. The iGaming industry in New Zealand is highly regulated. The Gambling Act 2003 sets out the rules and regulations that must be followed by all operators in the industry. This includes ensuring that all games are fair and that players are protected from any potential harm.

2. The iGaming industry in New Zealand is growing rapidly. According to a report by the Gambling Commission, the industry has grown by more than 40% since 2013. This growth is largely due to the increasing popularity of online gambling and the availability of new technologies.

3. The iGaming industry in New Zealand is highly competitive. There are a number of operators offering different types of services, including sports betting, casino games, and poker. As a result, operators must constantly innovate and stay ahead of the competition in order to remain successful.

4. The iGaming industry in New Zealand is largely dominated by international companies. While there are some local operators, most of the major players in the industry are based overseas. This means that local operators must compete with international companies in order to remain competitive.

5. The iGaming industry in New Zealand is heavily reliant on technology. As the industry continues to grow, operators must keep up with the latest developments in order to remain competitive. This includes investing in new technologies such as virtual reality and artificial intelligence.

Overall, the iGaming industry in New Zealand is an important part of the economy and is growing rapidly. With the right regulations and investments in technology, it can continue to thrive and create jobs for New Zealanders.