The worldwide casino market is undeniably expanding. Hence, in this article, we are going to look at two countries whose online casino market is booming. We are going to compare both countries’ casino markets in terms of their legal status, popular games on offer, payment methods they use, and their market value. So, keep reading to learn about the similarities and differences between the Indian and New Zealand Casino markets.
Both countries’ casino markets have different rules and regulations regarding gambling. We have covered them below.
The Public Gaming Act of 1867 is the primary law that governs gambling in India. Although states have the authority to make local gambling laws, it is nonetheless illegal in many states.
In India, gambling is viewed differently. Only games of chance are considered gambling under the law. Games of skill, like Rummy, are not considered gambling because their outcomes do not rely completely on chance. Lastly, pure chance games such as roulette are considered completely illegal. But people still play them by joining offshore casino sites.
On the other hand, The Gambling Act of 2003 regulates all forms of gambling in New Zealand. You must be 18 years or older to play the lottery, sports betting, horse racing, or scratch card betting. Lastly, to gamble in a land-based casino, you must be at least 20 years old. In contrast to India, New Zealand’s casino online gambling legislation considers games of chance legal. Hence, you can play craps, roulette, lotteries, and slots, amongst others, in all online casinos.
In terms of market value, the NZ casino market far exceeds India. For 2022, the NZ casino market is anticipated to be worth $350 million and is to exceed $600 million by 2025 if current trends continue. On the other hand, India’s casino market value will only reach $34 million by the end of 2022. The low market value of India’s casino market is because many states have deemed online gambling illegal.
Most Kiwi players prefer popular games like online slots, blackjack, roulette, video poker, craps, and baccarat. Because they provide a lot of action, casino players in New Zealand love to play these casino games.
On the other hand, casino players in India love playing traditional card games. Teen Patti and Andar Bahar are the most popular games in Indian casinos. Although Indian casino players also play games such as Roulette, Rummy, and Blackjack, they tend to prefer Indian card games more.
New Zealand casino players have specific needs when it comes to choosing which payment method they are going to be using. They must be able to transact with online casinos in NZ$. As a result, casino players in New Zealand prefer the following payment methods: VISA, Mastercard, American Express, PayPal, AfterPay, POLi, Neteller, and Skrill. These payment methods are completely secure and provide Faster withdrawals in NZ.
Similarly, in India, casino players also prefer e-wallets (Skrill & Neteller), debit cards (Visa & Mastercard), and prepaid cards (AstroPay). But, one payment method that is growing in popularity amongst Indian casino players is UPI, such as Paytm, PhonePe, and Google Play. These payment methods offer quick deposits and withdrawals for casino players in India.