To compete for the title of the best online sports betting site in New Zealand, bookmakers should offer basketball, cricket, rugby league, football and tennis options.
Horse racing, including trots and greyhounds, also garners significant attention. In New Zealand, rugby union reigns as the national sport, making it essential for online sports betting sites to cater to Kiwi punters' specific preferences. We aim to provide comprehensive guidance to help identify legitimate bookmakers for secure and responsible wagering experiences on the best betting sites. Winnings from online sports betting are tax-exempt, but cryptocurrencies are not recognized as legal tender, and residents are expected to pay taxes on Bitcoin earnings. Kiwi bettors have a choice between foreign bookmakers like Bet365, Betway, LeoVegas, 888sport, William Hill, and Ladbrokes, or the New Zealand TAB. The Racing Act 2020 introduced a taxation policy for offshore bookmakers and requires them to obtain data from New Zealand sporting bodies. Only Lotto NZ and the Totalisator Agency Board (TAB) have a monopoly on online gambling within the country which operates under the jurisdiction of the New Zealand Racing Board. New Zealanders are allowed to engage in online sports betting on international sites, referred to as 'interactive remote gambling.' Owning or operating a new betting shop in New Zealand is illegal due to the NZ Gambling Act of 2003.
