Home » FAQ » Do I have to declare online casino winnings?

Do I have to declare online casino winnings?

Taxes in NZ

Usually, after the successful winnings you will be presented with funny music and flashing lights. However, we need to know whether the gamblers should pay taxes or not. Take into account that the taxation process depends on the particular country. For example, in the US, if the winnings are more than 1200$ you have to make a report. Moreover, you have to prove the identification information of your age and passport. So, in the US you have to pay tax up to 25% depending on the certain game. However, in Canada or New Zealand, there are taxes free. In fact, New Zealander have to pay income tax, but it’s very unusual for winnings to be taxed.

Conclusion

The declarations of your winnings are required in few countries, including the US. However New Zealanders can play for money and win a lot without any taxation from the government.

Taxes in NZ

Usually, after the successful winnings you will be presented with funny music and flashing lights. However, we need to know whether the gamblers should pay taxes or not. Take into account that the taxation process depends on the particular country. For example, in the US, if the winnings are more than 1200$ you have to make a report. Moreover, you have to prove the identification information of your age and passport. So, in the US you have to pay tax up to 25% depending on the certain game. However, in Canada or New Zealand, there are taxes free. In fact, New Zealander have to pay income tax, but it’s very unusual for winnings to be taxed.

Conclusion

The declarations of your winnings are required in few countries, including the US. However New Zealanders can play for money and win a lot without any taxation from the government.

In the very beginning when you just think about joining some online casino, you can feel something is wrong with the whole gambling activity. To tell the truth, it can be so if you face a so-called scam, or fake casino. However, it never happens with legit online casinos. They have permission and approval from gambling authorities. This totally removes doubts.

Before we go further, there is one thing that you must be aware of. Online gambling is legal only in some countries. Make sure that the country you are browsing from permits you to do it. Otherwise, it is fully punishable by law. But don’t be too scared. Even if your country strongly prohibits online gambling, it may accept that you play at international online casinos. So, check this regulatory fact before playing games.

How to define the legality?

Now let’s figure out what online casinos are legit and what the legitimacy means at all. First of all, legitimacy is the approval by regulating bodies. As an interpretation of such approval are licences. Only official gambling authorities can issue the licences. The most reputable and famous authorities are Malta GA, the UKGC, also the ones from Curacao, Costa Rica, Kahnawake. To be more exact, there are several proving bodies worldwide that can issue the official paper of this kind.

Finally, here come the online casinos with the official approval from the mentioned authorities. They are legit which means they will not cheat on games or betray you in some way. So, you can join them anytime. The legit online casinos are Casumo (UKGC), Spin Casino (MGA), JackpotCity (MGA), Royal Vegas (MGA), Ruby Fortune (MGA), Dunder (MGA, UKGC) and more. You can easily check the legitimacy on the appropriate casino site. If you see a sign of at least one licence, the casino is officially legit.

In this FAQ section, we will figure out the several issues:

  1. How to use Paysafecard
  2. Advantages of using it
  3. Casinos that accept Paysafecard
  4. How to deposit through Paysafecard

First of all, this is a type of payment, which implies a card purchase in the nearest shop. Yes, you need to go outside, find the shop with these cards and buy one of them. In detail, the cards have different values depending on the certain region. (10$, 50$, 100$ etc). As soon as you buy a card, you will be presented with a 16 digits number, which you should fill in the casino cashier. Right after applying the card, the particular amount of money will be transferred to your account.

Advantages of using the Paysafecard

  • Very easy to make deposits, because it works like any other prepaid cards.
  • Quick transactions
  • There are loads of casino that accept Paysafecard
  • A limit of depositing can be a plus also, because you will have to go and buy another card

It’s an absolutely safe and fair method to deposit, because it works for many years with gambling sphere and shows only good results. In fact, the prepaid cards are the safest method to transfer money, just because you do not provide any personal information to the casino. Moreover, with Paysafecard you will not have any fees or commissions.

Casinos that accept Paysafecard

Paysafecard payments method is extremely popular among various casinos and countries, including New Zealand.

  • Jackpot City – is an interesting and unique casino with wide sections of bonuses and loyalty programs. It provides only licensed games by a Microgaming provider. In addition it introduces new innovative features, including an ability to play on mobile phones.
  • Royal Vegas – amazing platform that accepts Paysafecard and is available for New Zealanders. The casino is new in the gaming industry, however it was made by professionals. Furthermore, the game collection is presented by Microgaming. You can find there all you need, slots, table games, even live games with real dealers. In case you stack somewhere, you will be able to contact the 24/7 support team via live chat or email.
  • All Slots – another casino with available Paysafecard deposit method. In fact, it is an old and good casino with a great reputation among players from New Zealand. It’s popular for its excellent game selection of slots with different genres and bonuses. However, the name doesn’t mean the only slots there. You also can meet other genres, such as poker, blackjack, roulettes, live games and so on.

Conclusion

Generally speaking, if you want to make your first deposit, Paysafecard is a great option. The depositing process is very easy. If you are scared to lose big sums, you can buy a smaller card. With this technique you will be sure not to deposit again and again.

More articles on gambling topic

22.10.2020 328
The online gambling world is rich in good casino sites. Many of them are so bright and shiny that one does not know where to look first. Nevertheless, there are ...
29.12.2020 98
If you love Blackjack, then you are at the right place. To play a new launch by NetEnt, you should create an account in one of the casino partners and ...
06.01.2021 118
When it comes to live games, there are not many providers who can keep up with it better than Evolution Gaming, look at Speed Blackjack Live. The main feature of ...