At a glance: 18+ | No current DIA licences | 2026 licensing law | Recreational winnings tax-free | Average withdrawal time 37 hours.
Believing that offshore licences mean legal operation
Many players wrongly assume that an offshore licence, such as those from Malta Gaming Authority or Curacao, offers them legal protection in New Zealand. This is incorrect. New Zealand law is clear: as of now, there are no operators licensed by the Department of Internal Affairs (DIA) for online gambling. Thus, all online casinos, including ohmyspins casino, are essentially operating without New Zealand authorisation.
Ignoring the age restrictions
Some players mistakenly think they can access online casinos at 20 years old. In New Zealand, the minimum age to gamble online is 18. This rule applies strictly, and there are consequences for both players and operators if this regulation is breached. Always verify your age when signing up.
Overlooking responsible gambling resources
Another common mistake is neglecting to utilise the available resources for responsible gambling. Players often believe they can manage their gambling without assistance. However, New Zealand offers various support systems, such as the Gambling Helpline at 0800 654 655 and text support at 8006, available seven days a week. The website safergambling.org.nz offers additional support and information. Don’t risk your wellbeing; reach out if you need help.
Assuming recreational winnings are taxable
Many players mistakenly think they must declare their online gambling winnings for tax purposes. In New Zealand, recreational winnings from gambling are tax-free. This means that any money you win on platforms like ohmyspins casino does not need to be reported as income. However, if you’re pursuing gambling as a business or frequent large stakes, the tax situation may differ.
Misunderstanding the new licensing laws
With the Online Casino Gambling Act set to introduce licensing from December 2026, some players mistakenly think that existing platforms will automatically become legal. The reality is that just because a site operates now, it does not mean it will hold a licence once the law comes into effect. Players should stay informed about which casinos obtain a DIA licence in the future.
Not checking payment processing times
Players frequently underestimate the time it takes to process withdrawals. A common misconception is that once you request a withdrawal, the money will be in your account immediately. In my testing, withdrawals at ohmyspins casino typically cleared in about 37 hours, give or take, depending on the method used. Always review the specific processing times for your chosen payment method to avoid disappointment.
Believing all games are regulated equally
Lastly, some players forget that not all games at offshore casinos are created equal. While ohmyspins casino features a variety of games, including table games and live dealer options, the quality and fairness of the games might not meet the standards you expect from a regulated provider. Ensure you’re familiar with game return percentages (RTP), which can vary widely. For example, table games may have an RTP of around 96.3%, while some slots can dip lower.
| Game Type | Average RTP | Wagering Requirements |
|---|---|---|
| Table Games | 96.3% | 35x |
| Slots | 94.5% | 40x |
| Live Dealer Games | 97.1% | 30x |
Understanding these common misconceptions will help protect you as a player. Online gambling can be an enjoyable experience, but knowledge is your best defence against potential pitfalls. Make informed decisions, and always gamble responsibly.