2016, Net Profit before Distributions reached $146.7 million and a record $135.3 million was distributed to the three racing Codes with a further $1.4 million provided from Net Profit after Distributions following a Board decision in September 2016.
2017, distributing $137.6 million to the three racing Codes and making Commission payments of $9.3 million to National Sporting Organisations - up 16.1% on last year. We also provided $3.0 million to grassroots sports from gaming.
2018, Including the investment in its strategic initiatives, reported net profit was $145.9 million, $1.9 million (1.3%) ahead of last year, despite the delay in ‘Racefields’ legislation which was budgeted to provide more than $4.9 million to racing. Financial highlights released ahead of the NZRB’s 2018 Annual Report, which is due out later this year, include distributions to the three racing codes reaching a record $148.2 million, an increase of $10.6 million on last year. A further $1 million was allocated from NZRB’s industry enhancement funds to improve stakes, infrastructure and youth development.
A result that's travelling in the right direction , the question is will it have an impact on the Messara reports recommendation to outsource the TAB .