|New Zealand has abandoned moves to ban the Lotteries Commission from entering the lucrative online gambling market. |
Overseas punters could soon be snapping up the big prizes. It was confirmed yesterday that there was nothing in proposed legislation to stop Powerball and Lotto being sold internationally over the Internet.
The measure is contained in amendments to the Government's Gambling Bill, expected to be debated in Parliament next week.
Internet gambling was big business and at the moment Kiwi punters were sending their money to overseas gaming sites.
The Lotteries Commission was reluctant to comment until the Gambling Bill was passed. However, it has previously warned that its sales might be seriously eroded if it is banned from selling Lotto products over the Internet.
In its most recent annual report last October, the commission reported a drop in revenue to $561 million from $601 million the year before.