{"id":4421,"date":"2022-04-01T08:19:02","date_gmt":"2022-04-01T12:19:02","guid":{"rendered":"https:\/\/bestcasinos.co.nz\/?p=4421"},"modified":"2022-04-05T08:50:09","modified_gmt":"2022-04-05T12:50:09","slug":"pokies-power-new-zealands-rising-gambling-spend","status":"publish","type":"post","link":"https:\/\/bestcasinos.co.nz\/pokies-power-new-zealands-rising-gambling-spend\/","title":{"rendered":"Pokies Power New Zealand\u2019s rising gambling spend"},"content":{"rendered":"
New Zealand\u2019s Department of Internal Affairs (DIA) recently reported that the country\u2019s gambling industry has experienced positive results from the fiscal year. The department revealed a 17% year-on-year increase in gambling spend over the past year.<\/p>\n
This rise in revenue is good news for the country as it means more money for the government and positive effects on the economy.<\/p>\n
The DIA specified that the fiscal year 2020-21 saw national gambling spending of$2.63 billion, a 17% increase from the previous year and a five-year high for the nation.<\/p>\n
Pokie Power<\/strong><\/p>\n A large chunk of this intake is generated by pokies outside of area casinos. The Class 4 operations segment that encompasses clubs and bars increased its takings by 23% to $987 million. The TAB racing and sports betting segment also experienced improvement with its 1% increase resulting in $385 million.<\/p>\n Lotto products in the country took in $694 million, 10% more than the year before while casinos reported an overall increase of 11% with $559 million in revenue.<\/p>\n Mitigating Harm<\/strong><\/p>\n