Reports NEW ZEALAND REPORT
Lost in the right direction New Zealand
It is said seven out of 10 New
Zealanders gamble at least once a year and one in 10 play on the Pokies. It is this sector which is
currently under the spotlight as new regulations are being considered in an attempt to crack down on
problem gambling whilst a much- needed review of the online sector is also underway.
After a tough couple of years with tight Covid restrictions, New Zealand is now on the fringe of recession.
Although New Zealand’s economic activity has increased - GDP was up two per cent for the September 2022 quarter compared to the previous quarter - inflation is higher than it’s been for 30 years and it is believed the country may move into recession by the middle of this year as households face high inflation, falling house prices and higher interest rates.
Tis is expected to hinder Prime Minister Jacinda Ardern’s bid for a third term during the elections due at the end of this year.
Ardern’s Labour Party lost to the opposing National Party in by-elections in December showing support for the government is waning amid rising cost of living issues and an increase in youth crime.
P86 WIRE / PULSE / INSIGHT / REPORTS
On the plus side the growth in GDP is mainly down to an increase in tourism, construction, and transport. New Zealand’s borders fully reopened in August last year which saw a big surge in the number of international and domestic travellers. In 2019, there were 3.89 million tourists which dropped down to 996,000 in 2020 and 206,000 in 2021 during the pandemic.
Tourism generated a direct contribution to GDP of $10bn (three per cent) whilst there are 145,000 people directly employed in the sector.
Total tourism expenditure by year end March 2022 was $26.5bn, an increase of 2.7 per cent from the year previous. International tourism expenditure increased by more than 30 per cent to $1.9bn whilst overseas visitors increased by 335 per cent to 229,370 visitors.
By comparison prior to Covid annual tourism
expenditure was $41.9bn whilst international visitor expenditure reached $17.5bn. Its direct contribution to GDP was around $16.5bn (5.5 per cent).
THE GAMBLING MARKET
What hasn’t slowed is New Zealand’s love of gambling. New Zealanders spent some $2.63bn on gambling in 2020/21 with the largest chunk of that ($987m) spent on the Pokies followed by the lottery ($694m) then casinos ($559) and finally sports betting/TAB ($385). On average each New Zealander spends $662 on gambling each year.
Gambling in New Zealand is basically classified by the amount of money spent and the risk associated with the gambling activity. Gambling is divided into Class 1 (low stake/low risk) up to Class 4 (high stake/high risk) alongside the casinos and lotteries sectors.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178
