The New Zealand dollar is the currency used in New Zealand for many purposes, including betting. Even though the New Zealanders aren’t known for being bigger gamblers than, let’s say, the Australians, they still like placing wagers on sports such as cricket and rugby. Most betting sites won’t accept NZD as a betting currency. However, we found the ones who do, so keep reading the article to find out who they are, how you can deposit there, and should you pay tax on your gambling winnings in New Zealand.
Where can you bet using New Zealand Dollar?
|Bookmaker||Founded||Jurisdiction||Bonus||Min. Bet||Max. Bet||Grade||Review|
|1999||United Kingdom||£30||£2||No max||
We already mentioned that there aren’t many bookies who offer payments in New Zealand Dollar, in fact, there are only two. Fortunately, they are some of the best gambling websites out there, and punters from New Zealand have no reasons to worry.
- Bet365 – This site is known to have fantastic customer support, and that’s one of the many reasons we placed them as the best betting site in our bookmaker reviews. Bet365 also provides a significant number of deposit options, including Click2Pay, Skrill, Entropay, Ukash, fast bank transfer, wire transfer, cheque, and credit or debit card. All of them are eligible for making withdrawals, with the exception of Ukash. Pick your deposit and play at Bet365!
- BetVictor – This is the other option New Zealanders have if they want to use NZD to bet. Unfortunately, BetVictor doesn’t have the same number of deposit options as bet365, so their customers will have to compromise and use PayPal, Ukash, or a credit/debit card. They can’t make withdrawals using Ukash. Despite this visiting BetVictor is worth it!
Gambling Tax in New Zealand
The only way you’ll have to pay a gambling tax on your winnings is if you are a professional gambler, something that can’t be said for 99% of the population. Even then, people usually don’t have to pay tax unless it’s an enormous amount.
For the ordinary citizens who read this, it’s almost guaranteed that you won’t have to pay gambling tax if you win. The same principle applies to other gambling forms such as slots and poker.
What payment methods should people who want to deposit in New Zealand Dollars use?
As you probably already know, there is a wide variety of options you can use for making deposits and withdrawals, but the fastest and easiest one to use is the credit/debit card, and that’s why so many people use it. The transactions are usually instant, and you can save your credit card information if you want for even quicker deposits in the future.
Some people don’t want to have transactions from gambling websites appear on their credit cards, and we can understand that, so our recommendation for them is to use Ukash. You can buy this voucher from stores using cash and then redeem it online; however, you can’t use it for withdrawals. Instead, we suggest creating an eWallet like Entropay, PayPal, or Skrill, and using it for all your gambling withdrawals. Your money is safe with those websites, and the transaction speed is satisfying.