New Zealand Grants TAB NZ Sole Authority Over Online Betting

Exclusive Rights for TAB NZ

Under the updated law, TAB NZ becomes the only legal provider of online betting on sports and racing in New Zealand. Racing Minister Winston Peters said the change was necessary due to the rise in online gambling, which has diverted funds to overseas operators.

“TAB NZ is the core funding source for New Zealand’s racing industry and contributes vital funding to a variety of sports codes. This legislation redirects New Zealand punters’ dollars for the benefit of the racing industry and sports here, rather than overseas commercial operators.”

Economic Significance of the Industry

The racing industry contributes $1.9 billion to the New Zealand economy and supports around 13,500 jobs nationwide. Peters emphasized the sector’s cultural and economic importance, saying, “Racing and sports have a special place in communities throughout New Zealand.”

The legislation introduces powers to make new regulations for harm minimisation and includes mechanisms to enforce consumer protections. These tools aim to ensure the betting environment remains safe and adaptable to future changes.

“All sports and racing betting in New Zealand will now be in a fully regulated environment,” Peters said. He also noted that the law allows for ministerial and regulatory oversight, ensuring that TAB NZ meets performance standards. If it fails to do so, authorities can step in.

Advisory Committee to Support Industry Development

The reforms coincide with TAB NZ’s announcement of a new advisory committee made up of industry leaders. Peters welcomed the move, saying it will help strengthen cooperation between the betting operator and the broader industry.

“I am supportive of the industry taking the initiative to enhance industry development.”