The 26-year-old conceded he was more than three times over the legal limit when police pulled him over in Hastings last month.
"I made a massive mistake by driving that evening and apologise unreservedly for my actions," he said in a statement after pleading guilty in court.
"This was no one's fault but my own... I'm deeply embarrassed to have let down so many people -- be they family, friends, or cricket-lovers."
Bracewell is yet to be sentenced and New Zealand Cricket (NZC) said in a statement that he would be dealt with under special provisions for those who have at least two previous drink-drive convictions.
Also Read
But he said NZC "take a very dim view" of drink-driving.
Bracewell was suspended for one Test in 2014 after going on a drinking spree with batsman Jesse Ryder, during which he broke a bone in his foot.
In 2012, he missed the Test series against England after cutting a foot when he stood on broken glass while cleaning up after a party at his house.
Ryder and Bracewell were also suspended for a match in 2012 after an altercation with a bar patron while drinking after a one-dayer against South Africa.
Disclaimer: No Business Standard Journalist was involved in creation of this content