New Zealand invests $81 million to combat gambling harm, prioritizing support services and prevention strategies. A proactive approach as iGaming market regulations are underway.
New Zealand invests $81 million to combat gambling harm, prioritizing support services and prevention strategies. A proactive approach as iGaming market regulations are underway.
In a significant move to address the issue of gambling harm, New Zealand’s minister for mental health, Matt Doocey, has announced a substantial investment of NZ$81 million (US$49 million). This funding will support an updated strategy aimed at minimizing the negative impacts of gambling within the country.
New Zealand’s commitment to addressing gambling harm is evident through its regular updates to the gambling harm strategy every three years, as mandated by the 2003 Gambling Act. The newly allocated funds will play a crucial role in enhancing access to support services for individuals affected by gambling harm, as well as bolstering prevention and early intervention efforts to mitigate the impact across the gambling market.
Moreover, with New Zealand paving the way towards establishing a legal iGaming market set to launch in 2026, the government is actively working on developing a regulatory framework to govern online gambling activities. Anticipating a lucrative licensed iGaming market worth NZ$500 million (US$300.8 million) upon its inception, several prominent global brands, including 888, Betway, and Bet365, have expressed interest in securing local licenses for online operations.
In a bid to ensure sustainable funding for gambling harm reduction initiatives, various stakeholders within the gambling industry, such as non-casino gaming machine operators, casinos, TAB, and lottery monopoly Lotto NZ, will contribute to the Problem Gambling Levy Regulations. Furthermore, discussions are underway to determine the role of licensed online casino operators in supporting the overarching strategy to combat gambling harm effectively.
The comprehensive approach outlined by Minister Doocey emphasizes the importance of providing timely and effective support to individuals, families, and communities impacted by gambling harm. With a focus on enhancing access to treatment, improving prevention measures, and strengthening support services for those affected by gambling harm, New Zealand’s commitment to addressing this critical issue remains steadfast.
By investing in clinical internship positions and fostering collaboration between education and practical experience, New Zealand aims to equip professionals with the necessary expertise to effectively assist individuals grappling with gambling harm. The government’s strategy underscores a holistic approach to tackling gambling harm, reflecting a commitment to safeguarding the well-being of its citizens.