The New Zealand Gambling Regulatory Commission (NZGRC) has not yet revealed the extent of its enforcement of sports betting restrictions, but its website does outline a number of ways that people can be prosecuted for “sports betting-related offences”. If a punter is caught betting more than the agreed limit, that punter can be fined up to NZ$7,000 and convicted of a misdemeanour offence. Every now and then there are people who are violating these restrictions, click here to read more about casino related issues and be updated about future news about casinos.
While it is difficult for punters to get licensed, NZGRC are not shy about doing so and are able to fine people who break the law.
That’s not all; in addition to the fine, an infringer could face jail time if the court finds them guilty. It seems that NZGRC is not interested in punishing people who are betting at sporting events, but are more interested in taking money away from those who are breaking the law.
This makes me wonder what the problem is here. Is it gambling, or is it sports betting?
It seems clear to me that the former, as I mentioned, is legal. I don’t understand why the latter is not. Does gambling break any laws? Would the police care to comment? What is the best way to take back the public’s money from NZGRC, and what can be done about it?
“All sports are regulated, and all of them are for the benefit of the whole of New Zealand. Sports betting on games, events and matches at any level are totally unacceptable. We have a long history of regulating and regulating games in our country, and we will continue to do so.” (1)
So what’s going on with sports betting in New Zealand?
The first thing to say is that New Zealand has no direct influence on New York’s interpretation of law. In the United States, a bookmaker’s license is a form of legal protection that guarantees it won’t bet on certain games or the outcomes of games. In New Zealand, no such license is required.
In New Zealand, sports betting is not officially illegal, and, so long as there is no conflict between a player’s right to bet on the games in question, it is perfectly legal so people can keep on betting on Fanduel fantasy football. It is therefore also perfectly legal for sports bettors to participate in sports betting operations. However, sports betting is considered one of the most harmful forms of gambling, in that it has proven a problem in New Zealand, both in terms of the harm it does to people and the financial harm to the state. In 2006, the Ministry of Justice published a report on the effects of gambling on the society in New Zealand. The report found that, during the 12 months preceding the study, gambling had led to the total amount lost from gambling on games in New Zealand in excess of NZD $26.9 million ($21 million), which represented a cost to the health, police and criminal justice systems in the amount of NZD $15.8 million ($11 million). On average, every