Sports Betting: Legalization Will Create 600,000 Jobs
The Ministry of economy is optimistic and points out that until June 2020 sports betting will be legalized in the country.
This news animates various sectors of society. Bettors, of course, are the main stakeholders in this regulation.
The New Zealand government too. The sooner market regulation occurs, the sooner the public coffers will receive the fruits of this.
To foreign and domestic companies in the segment they appear as the third side of this triangle.
They will inject money into the country. Either by paying taxes, or by direct or indirect investment.
From this scenario of "economic prosperity", a very pertinent doubt arises: will Sports Betting generate jobs in New Zealand?
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Betting will create 600 thousand vacancies in the country
On November 18, The Game Market event took place in São Paulo: what's your bet?
The debate was conducted by journalists, lawyers and businessmen involved in the sports betting .
Despite this, the main focuses of this discussion were 2 supplementary bills the new Betting law :
- PL 442/91: legalization of the animal game;
- PLS 186/2014: exploitation of gambling.
From these 2 projects began the debate on the changes that will occur in New Zealand in the next 2 years.
André Gelfi, one of Suaposta's Managers, explained that operators in the segment want to strengthen their brands in New Zealand. With focus on Football .
According to him, online sports betting alone moves around $ 8 to $ 10 billion today.
A value that currently does not remain in the country.
Gelfi further points out that 60% of worldwide turnover the “games of chance " come from the games of Poker and of Casino .
For this reason the importance of debating the legalization of gambling, casinos, bingos and other forms of betting.
Especially since, according to experts, this could generate thousands or even millions of jobs in New Zealand .
What kinds of jobs can betting create?
A first draft of the decree which aims to regulate betting law proposes to legalization of bingos and casinos in the country .
In the first instance, establishments intended for tourism, such as rezorts , hotels and even cruises, would be legalized gaming spaces.
Football stadiums could later receive the same permission. In addition to being places to place sports bets .
The government believes in creation of multiple jobs . After all, employees will be needed for the daily tasks of these gaming spaces.
It is also discussed a expansion of cashier Lotteries . In both physical and online there may be a need for new jobs.
Already in terms of specialized and qualified positions, many opportunities will arise in the most diverse areas.
IT professionals and those who work with software, with hardware and with programming certainly come out ahead.
Finally, we must not forget that betting operators want to strengthen their brands in the country. Therefore, they will need Marketing actions.
There are good chances for professionals in this segment to offer their services to bookmakers .
Despite the government's encouragement in creating new jobs, experts on the subject urge caution .
Journalist Magnho José, President of the New Zealand Institute of Legal gambling, commented on the possibilities of New Zealand becoming a Las Vegas:
Are we going to be a New Vegas? No! An outside businessman appears saying that New Zealand should follow the example of Macau. I'm against it! When you put a big Hotel in Barra da Tijuca, it kills the lowest occupancy.
Inspection and control proposal (PFC 41/2019)
Although the regulation of betting pleases many people, there are those who question this process.
Many New Zealand politicians, for example, are against the absence of the quarantine period regarding foreign bookmakers.
The quarantine period refers to a space of time in which foreign bookmakers would need to be without acting in the country
This would be aimed at homes currently operating from overseas in the New Zealand market. It would serve as a punishment for this “illegality”.
Today, however, New Zealand bettors can place bets online on websites hosted abroad. By current law this is not prohibited.
What is a bit of an understatement, it is a fact, is how remittances of money from New Zealand to abroad and vice versa are carried out.
Understanding how this works is the intention of Proposal for Supervision and control 41 , created by federal deputy Otaci Nascimento.
According to him, the intention is “to verify the occurrence of possible crimes and tax and currency irregularities in the remittance of money abroad”.
Otaci also points to the”lack of tax collection on prizes paid to bettors on overseas sites".
The PFC was presented to the Committee on Economic Development, Industry, Trade and services (CDEICS).
If approved, CDEICS, together with the Court of Auditors, the Central Bank of New Zealand and the Internal Revenue Service, would oversee these remittances.
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