Ethereum Casinos in New Zealand: Licensing and ETH

Updated October 2026
Licensed
usAvailable in US
Fast payouts
18+ Only

A practical guide to Ethereum payments, New Zealand’s changing casino framework, game safeguards and the terms attached to bonuses.

Ethereum coin and casino chips on a bar counter with Auckland Sky Tower in the background.
Table of Contents
  1. What New Zealand’s 2026 Casino Changes Mean for ETH Players
  2. How Ethereum Deposits and Withdrawals Work
  3. What Makes a Casino an Ethereum Casino?
  4. Ethereum Casino Sites and New Zealand’s Licensing Framework
  5. Using Ethereum Alongside Other Crypto Payment Options
  6. How to Check Whether a Casino Accepts Ethereum
  7. Casino Games, Jackpots and Player Safeguards
  8. Read the Terms Before Claiming an Ethereum Casino Bonus
  9. Live Dealer Play and Age Checks on Licensed Sites
  10. No-Deposit Offers, Casino Choice and What Happens to Cashed-Out ETH

What New Zealand’s 2026 Casino Changes Mean for ETH Players

The rules around online casinos in New Zealand are changing, but the change is not an instant switch from offshore access to a fully licensed local market. If you are considering an Ethereum casino, the date you are looking at matters: the legal framework has started, while the transition to a complete licensing system is still underway.

The Online Casino Gambling Act 2026 took effect on 1 May 2026. It establishes New Zealand’s first domestic licensing regime for online casino gambling. Before this law, the Gambling Act 2003 prevented online casinos from being based in New Zealand, while offshore gambling was not licensed or supervised by a New Zealand regulator. A player using an offshore site during that period had no domestic government recourse if a dispute arose.

The new Act does not mean every offshore casino immediately became a New Zealand-licensed operator. It sets out a transition period from 1 May to 1 December 2026. Online casinos that were already serving people in New Zealand before the new law began may continue operating during that window, under its transitional provisions. That temporary permission is different from holding a licence under the new system.

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The distinction matters when you see an Ethereum casino described as available to New Zealand players. Availability alone does not tell you whether it has local authorisation, whether it is covered by transitional rules, or what protections apply to your account. A site accepting ETH does not, by itself, establish its legal status. Treat claims about a platform’s New Zealand position as something to verify, rather than assuming that a familiar brand or a working website means the transition is complete.

The transition has a defined end point

From 1 December 2026, a provider that has not submitted a licence application must stop conducting online casino gambling in New Zealand. The transitional period therefore creates a point at which the status of some sites may change. If a site has not applied, continued access after that date should not be taken for granted. And an application is not the same as an approved licence: winning a place in the process does not automatically give an operator permission to serve New Zealand customers.

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The Department of Internal Affairs (DIA) oversees the framework, and the Gambling Commission handles casino licensing applications and decisions. The DIA expects the fully regulated system to be in place during 2027; that timing is reported by web3bet.com. The transition is therefore relevant even if you are researching the best ETH casino NZ options well before the system is complete. A platform’s position may depend on when it began serving New Zealand, whether it applies for a licence, and what happens to that application.

A specialist review describes the future licensing capacity as a maximum of 15 online casinos serving New Zealand. That is a ceiling, not a promise that all places will be filled or that every site currently accessible to you will qualify. Nor does the limit make a particular ETH casino more suitable: it concerns the shape of the market, not the quality of an individual operator.

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What the change means for you

The law does not make players criminally liable simply for using an offshore casino. Offshore sites have been accessible to New Zealand residents, and the legal restrictions have focused on operators rather than individual players. That does not remove the practical risk of using a service outside domestic supervision. Before the new framework, a customer wagering with an offshore site had no New Zealand government recourse. A payment made in ETH does not change that position or create a local remedy.

You should also avoid treating promotional material as a reliable guide to a site’s status. Online casino providers are prohibited from advertising their services to people in New Zealand during the transition. If you encounter a claim that a site is authorised, check the status through official information rather than relying on an advert or an assertion on the site itself. The DIA’s role is oversight; the Gambling Commission is responsible for issuing licences and approving changes to licence conditions.

Legal Risk

Online casino providers are prohibited from advertising to people in New Zealand during the transition period. Verify a site’s status through official information rather than relying on adverts.

For someone weighing up an ETH casino online, this is a market-level decision before it is a payment decision. The transition can affect whether a provider may continue serving New Zealand, and the position may change as the licensing process advances. A site that is accessible today may not have the same standing after the transition deadline. Keep the distinction clear between offshore availability, permission to continue temporarily, and a licence granted under the new regime.

How Ethereum Deposits and Withdrawals Work

Using ETH at an online casino involves two transfers: sending funds from your wallet to the casino, then requesting a transfer back when you withdraw. The casino’s balance and your wallet balance are separate. A deposit is not complete merely because you have entered an amount or opened a payment screen; the transaction must be sent on the Ethereum network and recognised by the receiving service.

For a deposit, sign in and open the cashier or payments area. If ETH is available, the casino should provide a deposit address, a QR code, or another way to pass the destination details to your wallet. Check that the payment is specifically for ETH and that the network shown by the casino matches the network selected in your wallet. A correct-looking address on the wrong network can still lead to a transfer that the casino cannot credit as expected.

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Before confirming, compare the destination shown in your wallet with the details supplied by the casino. Copying and pasting can reduce typing errors, but it does not replace checking: make sure the address has not changed and that you have not selected a different asset or network. Follow any instructions displayed in the cashier. If the casino gives you a payment reference or other required detail, include it as directed rather than assuming the transaction will be matched automatically.

Your wallet will show the transfer details before you approve it. Review the amount, destination and gas fee, then confirm only if they are correct. Every Ethereum transaction carries a gas fee, paid in ETH. This is separate from the amount you intend to deposit, so the total leaving your wallet can be more than the amount credited to your casino balance. A wallet may display the fee before approval; read that screen rather than treating the casino deposit amount as the full cost of sending funds.

Once sent, the transfer needs to be confirmed on the network and then recognised by the casino. A specialist review reports that ETH transactions may confirm in roughly one to a few minutes. That is a reported estimate, not a promise for every payment. Network conditions and the casino’s own crediting process can affect how long you wait, so do not send a second deposit simply because the balance has not updated immediately. Check the wallet’s transaction status first, then use the casino’s payment support process if the transfer appears complete but the balance remains unchanged.

ETH Deposit Process

Step 1: Access the Cashier

Sign in to your account and open the payments area to find the ETH deposit option.

Step 2: Copy Address Details

Obtain the deposit address or QR code, ensuring the network matches your wallet’s network.

Step 3: Verify and Send

Compare the destination address in your wallet with the casino’s details, review the gas fee, and confirm the transaction.

A withdrawal runs in the opposite direction, but it is not simply an automatic reversal of your deposit. You submit a withdrawal request through the casino and provide an ETH address that you control. Confirm the address carefully before submitting it; a withdrawal sent to an incorrect destination may not be recoverable. Make sure the selected network is compatible with the wallet receiving the ETH. If the casino requires an account check or has a review process, that can take place before a payment is sent, so network confirmation time does not describe the full withdrawal timeline.

When the withdrawal reaches your wallet, the transaction may also involve a gas fee paid in ETH. Check the withdrawal screen and your wallet’s details to see whether a fee applies and how the amount is displayed. Do not assume the figure requested from the casino and the amount that arrives in your wallet will be identical: the payment details should make clear what is being sent and any deduction shown. If the figures are unclear, pause and ask the operator to explain them before approving a request.

It helps to keep a simple record of each transfer: the date, amount, destination, and transaction status. A transaction reference can help you follow a deposit or withdrawal and explain a delay to support. Never share your wallet’s recovery phrase or private keys with casino staff or anyone claiming to help with a payment. A legitimate payment check may ask you to confirm transaction details, but handing over access credentials gives someone control of the wallet itself.

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The practical cost of using ETH is therefore not only the amount you choose to move. You also need to account for the gas fee on each transaction, verify where the ETH is going, and allow for both network confirmation and the operator’s processing. Take a moment to inspect the payment details before approving either direction. That small pause is more useful than trying to correct a transfer after it has been sent.

What Makes a Casino an Ethereum Casino?

An online casino is an Ethereum casino when it accepts ETH for both deposits and withdrawals. The defining point is how you can fund your account and receive a withdrawal, not the wording on the site’s homepage or a general claim that it supports cryptocurrency.

That distinction matters because terms such as “crypto casino” can describe a broader payment offering. A site might mention digital currencies without making clear whether ETH is supported, or whether it can be used only for one part of the payment process. For a casino to fit the Ethereum description, ETH needs to be available on both sides: when you put funds in and when you take funds out.

The label does not tell you anything by itself about the casino’s games, safeguards, service quality or legal status. It is a description of a payment option, not a guarantee that every feature is built on Ethereum or that the operator is suitable for you. Treat claims about those other areas separately and look for clear information about each one.

An Ethereum casino is specifically defined as an online casino that accepts ETH for both deposits and withdrawals.

What the label does—and does not—mean

A casino does not become an Ethereum casino simply by using the word “Ethereum” in promotional text or by referring broadly to blockchain technology. The useful question is whether ETH is actually accepted for deposits and withdrawals. If the site only refers to crypto in general, that wording does not establish that ETH is supported.

Likewise, the label should not be read as proof that the casino uses Ethereum for its games, stores all account information on the network or operates without an intermediary. The term identifies ETH as a payment option. It does not, on its own, explain the casino’s technical setup.

This keeps the description straightforward. You are looking at a casino where ETH can be used to move funds into and out of an account. Other claims—about the operator, games or account protections—need their own evidence and should not be inferred from the payment label.

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When you encounter a site described as one of the best Ethereum casinos, read that as an assessment of a particular operator, not as a separate technical category. The phrase “best” is a judgement, and the Ethereum part still comes down to the same core feature: ETH must be accepted for both deposits and withdrawals. A polished website or an extensive-sounding crypto section cannot replace that confirmation.

It is also useful to separate an Ethereum casino from a casino that merely mentions crypto. If the available information does not specify ETH, the broader wording leaves an important point unanswered. You need to know which currency the payment option covers, and whether it applies when withdrawing as well as depositing. That is a matter of confirming what the operator supports, not reading more into a label than it can establish.

For you, the clearest definition is therefore a narrow one: an Ethereum casino is an online casino that accepts ETH for deposits and withdrawals. The name does not certify the wider experience, and it should not be treated as a substitute for checking other relevant details. When a site uses the label, focus on what it says ETH can actually be used for; that is the feature that makes the description meaningful.

Ethereum Casino Sites and New Zealand’s Licensing Framework

Choosing an Ethereum casino in New Zealand calls for checking what is actually known about each option. Use these brief notes as a starting point, and verify that a casino supports the payment methods and terms you need.

1
Lamabet

Payout speed: 1-3 business days Lamabet lists a payout speed of 1–3 business days. You can use that as a reference when considering its withdrawal timing.

2
N1 Casino

License: Malta Gaming Authority, licence no. MGA/B2C/394/2017 N1 Casino lists a Malta Gaming Authority licence, no. MGA/B2C/394/2017. You can check that licence detail as part of your assessment.

3
Play Grand

License: Malta Gaming Authority, licence no. MGA/B2C/370/2017 Play Grand lists a Malta Gaming Authority licence, no. MGA/B2C/370/2017. You can use the stated licence information when reviewing the casino.

4
7Bit Casino

License: Tobique Gaming Commission, licence no. 0000091 7Bit Casino lists a Tobique Gaming Commission licence, no. 0000091. You can consider this stated licensing detail when deciding whether to explore it.

5
BitStarz

License: Curaçao Gaming Authority, licence no. OGL/2024/165/0185 BitStarz lists a Curaçao Gaming Authority licence, no. OGL/2024/165/0185. You can verify this licence information when assessing the casino.

6
Wintino

Payout speed: 1-3 business days Wintino lists a payout speed of 1–3 business days. You can keep that stated timeframe in mind when considering withdrawals.

7
Neospin

License: Tobique Gaming Commission, licence no. 0000064 Neospin lists a Tobique Gaming Commission licence, no. 0000064. You can use this information as one point in your review.

8
Zotabet

License: 07017519840 · Payout speed: 1-3 business days Zotabet lists the licence identifier 07017519840 and a payout speed of 1–3 business days. You can consider both details when reviewing it.

9
Ricky Casino

License: Tobique Gaming Commission, licence no. 0000002 Ricky Casino lists a Tobique Gaming Commission licence, no. 0000002. You can check this stated licensing detail as part of your assessment.

An Ethereum payment option does not determine a casino’s legal status in New Zealand. A site may accept ETH, but that alone does not show that its brand holds a New Zealand online casino licence. Payment methods and regulatory permission are separate matters, so assess them independently.

The Online Casino Gambling Act 2026 established a domestic licensing framework for online casino gambling. The Department of Internal Affairs (DIA) is New Zealand’s primary gambling regulator and oversees this framework. The Gambling Commission has a distinct role: it hears and decides casino licensing applications, issues online casino licences, and approves changes to licence conditions.

That division matters when you are assessing claims about a casino brand. A payment page, a statement that a site serves New Zealand, or a foreign licence is not equivalent to approval under New Zealand’s system. Nor does a licence held by a company automatically cover every brand it operates: New Zealand licences are granted for individual brands. The relevant question is whether the particular brand has the required New Zealand status, rather than whether its owner or payment provider is regulated somewhere else.

Attention A foreign licence or the acceptance of ETH does not establish that a brand holds a New Zealand online casino licence.

The rules also distinguish between the regulator’s oversight and the Commission’s licensing decisions. The DIA oversees how the framework operates; the Commission makes decisions on applications and licence conditions. Treating those roles as interchangeable can make a site’s regulatory claims harder to interpret. If a casino refers to the DIA, that reference alone does not establish that the DIA issued its licence.

During the transition to the new system, some providers may continue operating under transitional provisions, while the full licensed regime is expected to take shape later. This means the position of a brand can depend on its status under the transition as well as on whether a licence has been granted. A foreign licence, by itself, does not establish New Zealand authorisation.

For you, the practical distinction is straightforward: ETH acceptance describes a way to pay; New Zealand licensing describes whether a brand has permission under the domestic framework. A polished site or a familiar crypto wallet cannot replace that formal status. Keep the two checks separate when comparing Ethereum casino sites, and avoid treating broad claims about being “available in New Zealand” as proof of a licence.

Using Ethereum Alongside Other Crypto Payment Options

A casino may present Ethereum beside other crypto payment methods, but the presence of a crypto heading does not tell you which assets the site accepts or how each one can be used. Treat each option as a separate payment route. If you intend to use ETH, the relevant point is whether the casino accepts it for both deposits and withdrawals.

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That distinction matters when you compare payment choices. A coin shown in a deposit menu is not, by itself, confirmation that withdrawals are also available in that asset. Nor does a general statement that a casino supports cryptocurrency establish that ETH is included. Look for information that refers specifically to Ethereum and covers both directions of payment before deciding which option suits you.

Keep the comparison focused on your own intended use. If you hold ETH and want to fund an account with it, check that the casino lists ETH as an accepted deposit method. If you may later request a withdrawal, check that ETH is supported for that as well. The practical question is not whether the site offers a broad selection of crypto, but whether its stated ETH service matches the full payment path you expect to use.

Do not assume that the rules for one crypto option apply to another. A casino’s payment information may present several assets together, but that does not establish that their availability or conditions are identical. Read the wording attached to the specific ETH option rather than relying on a general crypto label or on details shown for another coin. If the information is unclear, ask the operator to confirm ETH deposits and withdrawals before transferring funds.

Do
  • Confirm ETH is accepted for deposits
  • Verify ETH is available for withdrawals
  • Read terms specific to the ETH option
Don’t
  • Assume a general “crypto” label includes ETH
  • Assume one coin’s rules apply to all others
  • Rely on a general crypto heading for specific details

It is also sensible to consider whether you want to keep funds in ETH or use a different payment method. That is a personal choice, not a claim that one asset is universally preferable. The casino’s acceptance of ETH means it can be used for deposits and withdrawals; it does not make every other crypto option interchangeable with it, or tell you which one will best fit your circumstances.

A clear payment choice starts with matching the method to the action you need. For ETH, check for explicit acceptance on both deposits and withdrawals, and read the terms that apply to that option. A menu containing several crypto names can be useful, but only the details for the individual asset tell you whether it serves the purpose you have in mind.

How to Check Whether a Casino Accepts Ethereum

A payment logo or a mention of crypto does not, by itself, confirm that you can use ETH in both directions. Before creating an account or sending funds, look for Ethereum specifically in the casino’s deposit and withdrawal information. The two functions should be checked separately: a site may describe one without clearly confirming the other.

Start with the cashier or payments page, if it is available before registration. Check whether ETH appears as a deposit method and whether the instructions identify Ethereum as the network. Then look for a separate withdrawal section. It should explain that ETH can be selected for cashing out, rather than merely saying that the casino supports cryptocurrency. If the wording is unclear, ask customer support to confirm both deposit and withdrawal availability for your account and location. Keep the answer so you can refer back to it if the cashier displays different options.

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Pay attention to the address and network details shown at each stage. A casino’s instructions should make clear what wallet information is required and which network the transaction uses. Do not assume that an address or network shown for one payment method also applies to ETH. If the instructions conflict, or you cannot tell what network is intended, pause and request clarification before transferring funds.

Check the timing information with the same care. A specialist review reports that ETH transactions may confirm in roughly one to a few minutes, but that is a report, not a dependable promise about every transfer. The casino’s processing steps and the Ethereum network can affect what you see, so distinguish network confirmation from any later processing by the operator. If a site gives a specific estimate, treat it as the site’s stated expectation, not a guaranteed arrival time.

Include the gas fee in your assessment. Every Ethereum transaction has a fee paid in ETH, so the amount arriving in a casino wallet or back in yours may be affected by the fee charged for that transaction. Check whether the payment instructions explain how fees are handled and whether a withdrawal amount is shown before or after any applicable fee. Do not mistake the amount entered for the amount ultimately received.

ETH Payment Check

A useful check is to find clear answers to three points: ETH is available for deposits, ETH is available for withdrawals, and the instructions identify the network and explain transaction fees. If any answer is missing, do not infer acceptance from a general “crypto” label. Confirm the details before relying on the payment route.

Casino Games, Jackpots and Player Safeguards

Choosing where to play involves more than finding pokies or other casino games that accept ETH. The payment method does not tell you what player protections apply, or whether a jackpot is available under New Zealand’s rules. Consider those points separately before you decide to play.

An Ethereum casino may let you use ETH around your play, but that alone does not confirm that the operator is licensed in New Zealand. The distinction matters: safeguards required of licensed operators are tied to that status, not to the use of a particular cryptocurrency. Treat claims about Ethereum casino games and claims about player protection as separate things to verify.

For operators holding a New Zealand licence, the required safer-gambling tools include ways to set deposit limits, take a time-out and self-exclude. These serve different purposes. A deposit limit can help you put a boundary around money added to an account; a time-out gives you a way to pause access; self-exclusion is intended for someone who wants to block their own play. Check that these controls are available in the account and understand how each one works before depositing. Do not assume that paying with ETH changes how the tools operate.

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Jackpots have a separate restriction. A licensed platform may offer a network progressive jackpot, but the participating network must be made up of NZ-licensed platforms. A worldwide progressive pool is not permitted. So, if a casino promotes a large shared jackpot, do not take the word “network” to mean that sites across different countries can contribute. The relevant point is whether the pool is confined to NZ-licensed platforms.

This is worth keeping in mind when comparing an Ethereum gambling casino with a general online casino. A game catalogue or jackpot banner does not, by itself, establish the operator’s status or show which safeguards apply. Look for clear information on the operator’s New Zealand licensing position and on the limits, time-out and self-exclusion controls it provides. If you cannot establish those details, avoid treating the site’s presentation as proof.

You may be interested in playing casino games with Ethereum because it is the payment option you already use. Still, do not let the payment choice make the decision for you. Consider whether the available protections suit your needs, and set boundaries before play rather than relying on them after spending has become difficult to manage. Jackpots can add to the appeal of a game, but they do not replace those checks.

Player Protections

  • New Zealand licensed operators must provide deposit limits, time-outs, and self-exclusion tools.
  • Progressive jackpots must be confined to a network of NZ-licensed platforms.
  • Payment methods do not determine the operator’s licensing status or available safeguards.

Read the Terms Before Claiming an Ethereum Casino Bonus

A bonus can look generous on its headline and still be difficult to use. Before accepting an Ethereum casino bonus, read the offer terms themselves: the conditions determine how much of the advertised value you may be able to turn into withdrawable winnings.

A specialist review reports that bonus offers may include wagering multiples. These set a requirement for wagering before bonus-related winnings can be withdrawn. Check what the requirement applies to: the bonus, the deposit, or both. Also look for when the wagering period begins and ends, and whether the offer can be cancelled if you decide its conditions do not suit you. Do not assume that a bonus is usable simply because it has been credited to your account.

Game contribution rules matter too. The terms may count different games differently toward wagering requirements, or exclude some games from contributing. That means the games you prefer might not help you meet the requirement at the same rate as others, or might not count at all. Check the rules before you play, rather than relying on a general description of the promotion.

Look for any cap on winnings linked to the offer. A cap can limit the amount you may withdraw from bonus play, even if your balance appears higher. Confirm whether the cap applies to bonus-derived winnings, the bonus amount, or another part of the offer. If the wording is unclear, ask customer support to explain it in writing before accepting.

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Pay attention to conditions that can affect eligibility, such as whether the bonus must be activated, whether a code is required, and whether it is restricted to particular accounts or payment methods. These details can determine whether an offer applies to you at all. A code is not evidence that the promotion is suitable or that every deposit qualifies.

Compare the complete terms, not just the advertised bonus amount or a code presented as the best choice. If the wagering rules, game contribution, or winnings cap make the offer hard to assess, declining it may be simpler than accepting conditions you have not understood. Your deposited funds and any bonus funds may also be treated differently under the rules, so check how each balance is handled before you start.

Live Dealer Play and Age Checks on Licensed Sites

If you are considering live dealer play at an Ethereum casino, treat eligibility as separate from the payment method. Depositing ETH does not change the age requirement, and having a crypto wallet is not evidence that you are old enough to play. On a New Zealand-licensed site, you must be at least 18 years old.

Licensed operators are required to verify a player’s age and identity before allowing them to play. That check applies whether you intend to play a live dealer game, try pokies or use another part of the casino. It is a condition of access, not an optional step that can be avoided by choosing a particular payment method.

Age and Identity Verification

On New Zealand-licensed sites, players must be at least 18 years old. Licensed operators are required to verify a player’s age and identity before they are permitted to play, regardless of the payment method used.

This matters when you compare live casino options that accept Ethereum. A site’s mention of ETH does not, by itself, tell you whether it is licensed for New Zealand or whether you can play there. The new framework is being introduced in stages, so the status of a site can depend on the transition rules and when it is operating. A live table being visible online is not proof that the operator is authorised to serve New Zealand players.

Before you create an account or send funds, look for clear information about the operator’s New Zealand status and its age and identity checks. If the site says verification is needed, follow the operator’s stated process and do not assume that a successful ETH deposit means your account is cleared for play. If you cannot establish that the site is operating under the applicable New Zealand rules, pause rather than treating the payment feature as reassurance.

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There is no separate lower age threshold for live dealer games on a licensed site: the minimum is 18. If you are under that age, you cannot play, even if a casino accepts Ethereum or allows you to view its games. If you are eligible, expect the site to confirm your age and identity before play is permitted. That requirement is part of access to the casino, not a condition you can settle after starting a live session.

A careful check at the account stage can prevent confusion later. Focus on whether the operator is permitted to serve New Zealand players and whether its verification requirements are clear; the ETH option alone cannot answer either question.

No-Deposit Offers, Casino Choice and What Happens to Cashed-Out ETH

A search for an Ethereum casino with a no-deposit offer can turn up promotions that look available at first glance. Treat the wording as an invitation to check, not confirmation that you can claim one. Offers may be limited by eligibility rules or other conditions, and the details can change. Read the terms shown by the casino before you register or make a decision based on a promotional headline.

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A specialist casino review reports that bonus terms can include wagering multiples, restrictions on which games contribute towards wagering, and caps on winnings. Check each condition and how it applies to your account. A headline offer may have little practical value if its requirements do not suit the way you intend to play. If the terms are unclear, do not assume that a bonus is available or that winnings can be withdrawn without conditions.

When choosing an Ethereum casino, consider more than whether an offer is advertised. Check that the site’s terms explain its promotions clearly and that its approach to ETH suits your plans. A no-deposit promotion should not outweigh basic questions about how you will use the site or what happens if you want to withdraw. You can also decide to ignore promotions entirely; choosing a casino does not require claiming a bonus.

There is a separate point to consider after withdrawing ETH: tax treatment. New Zealand tax guidance describes casual gambling winnings as not being taxed. That does not automatically settle the tax position of ETH you later sell or trade. The Inland Revenue Department (IRD) treats crypto as property, and actively trading cashed-out ETH can be taxable under that treatment. The activity after a withdrawal matters, so distinguish receiving gambling winnings from later dealing in the cryptocurrency.

Keep a record of what you receive and what you do with it afterwards. If you only have casual winnings, the general treatment differs from actively trading the ETH. If you do trade it, check current IRD guidance or seek advice from a tax professional about your circumstances. This is a practical consideration when weighing an offer: the bonus terms affect what you may be able to withdraw, while later trading can raise a separate tax question.

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