NZ Bans Offshore Betting

[scooby3051]

NZ bans offshore betting, TAB gains monopoly with new law

By Michael Guerin

 

Spectators look on at the Karaka Millions, at Elllerslie, in January. Photo / Photosport

New Zealand punters will no longer be able to bet with overseas bookmaker under new laws that will come into effect next week.

Legislation making it illegal for overseas-based betting operators to accept bets from inside New Zealand unanimously passed its third reading in Parliament today (Wednesday) and is expected to be signed into law next week.

That will trigger a $100 million payment to TAB NZ from its strategic partner Entain, of which $20 million is expected to be paid to Sport NZ, while TAB NZ will distribute much of the money to the racing codes over time but retain some for its reserves.

The legislation will end the loss of hundreds of millions of dollars that Kiwis bet with off-shore betting agencies which provide less – or in some cases no – return to New Zealand racing and sporting organisations and do not create jobs here.

The pending law change was announced by Racing Minister Winston Peters in December and stops short of geo-blocking overseas bookmakers, instead making it illegal for them to take bets from inside New Zealand instead.

[scooby3051]

Dont see how it will capture much of it, so easy to bet offshore with VPN's...but lets hope some of the 100 million gets put back into the industry.

[nomates]

3 minutes ago, scooby3051 said:

Dont see how it will capture much of it, so easy to bet offshore with VPN's...but lets hope some of the 100 million gets put back into the industry.

Yes , just heard that the Opunake Cup is getting another stakes upgrade to I million .

I wonder how many Aussie horses will come over .

[nomates]

One place it won't be going is into bottom end and winter stakes , if your a pleb know your place .

[scooby3051]

2 minutes ago, nomates said:

One place it won't be going is into bottom end and winter stakes , if your a pleb know your place .

And thats the whole issue as I see it, grass roots gets forgotten all the time.

[nomates]

2 minutes ago, scooby3051 said:

And thats the whole issue as I see it, grass roots gets forgotten all the time.

As I've said on the yearling thread , small breeders who breed to race can't afford the costs and if they do go for it and breed and race a horse it can be left racing for as little as 17k .

The pyramid is upside down and will eventually topple .

[nomates]

7 minutes ago, scooby3051 said:

And thats the whole issue as I see it, grass roots gets forgotten all the time.

I should add , the grass roots don't get forgotten , they just don't give a shit .

What they have never understood is that your sport is only as strong as your grass roots .

Look at the ABs , recently they have been beatable by just about everyone , there is a reason .

[edor]

what a complete joke winston has done 2 things for racing getting rid of greyhound racing and now we cannot bet on sites like bet 365 that give far better odds than nztab and a far better service i know it will not work

[MisterEd]

29 minutes ago, scooby3051 said:

Dont see how it will capture much of it, so easy to bet offshore with VPN's...but lets hope some of the 100 million gets put back into the industry.

Will it be a criminal offence to do it using VPN's?

[edor]

ask guerin he has all the answers are nz tab going to pay starting odds like bet 365 i bet not so how are they going to look after nz punters

[mikenz]

3 minutes ago, edor said:

ask guerin he has all the answers are nz tab going to pay starting odds like bet 365 i bet not so how are they going to look after nz punters

He claims to be a professional punter.

[Nerula]

23 minutes ago, nomates said:

One place it won't be going is into bottom end and winter stakes , if your a pleb know your place .

Not so long ago the winter stake was 7k. But NM you are not wrong.

Its the deductions off a stake that hurts. Trainer 10% Jockey 5% Welfare fund 1% Riding fee @12.50 (includes GST that the Owner gets stung with) then come the external cost of float fees and strapper. Owners are doing Social Welfare to all the aforesaid. Paying down to 10th!!!!!!!

[Nerula]

Riding fee $212,50. tricky finger

[edor]

float fees majestis cambridge to ellerslie $500 cambridge to pukekohe $470 racing for $17000 stake ask yourself does winston know this does guerin know this or are they playing dumb

[nomates]

4 minutes ago, Nerula said:

Not so long ago the winter stake was 7k. But NM you are not wrong.

Its the deductions off a stake that hurts. Trainer 10% Jockey 5% Welfare fund 1% Riding fee @12.50 (includes GST that the Owner gets stung with) then come the external cost of float fees and strapper. Owners are doing Social Welfare to all the aforesaid. Paying down to 10th!!!!!!!

Agree with most of that , I am a fan of paying back to 10th , You have to give owners something for helping produce the product .

My beef is that with the pot of cash they were given it seems they have just kept throwing money at the middle to top end and very begrudgingly thrown a little at the bottom end races , the races that actually provide most of our racing product .

I have no doubt that that stingy attitude to those with battling horses has been one of the factors in the retracting of our racing numbers .

I truly believe our minimum stake should be 25k , won't happen though .

[nomates]

5 minutes ago, edor said:

float fees majestis cambridge to ellerslie $500 cambridge to pukekohe $470 racing for $17000 stake ask yourself does winston know this does guerin know this or are they playing dumb

No one is playing dumb , they simply don't care .

But that lack of care will eventually come back to bite them on the arse .

[Leggy]

1 hour ago, scooby3051 said:

Dont see how it will capture much of it, so easy to bet offshore with VPN's...but lets hope some of the 100 million gets put back into the industry.

I doubt it. I'd say you'll need an Australian bank account and address and they possibly will block betting from a VPN which means you'll also have to bet from a device on an Australian network.

[Leggy]

Legislation Passed To Secure The NZ Racing Industry Future

Wednesday, 25 June 2025, 12:52 pm
Press Release: New Zealand Government

 

Rt Hon Winston Peters
Minister for Racing

Racing Minister Winston Peters says the passage of legislation today will ensure the sustainability of the racing industry in New Zealand.

The amendments to the Racing Industry Act 2020 will enable the TAB NZ to be the sole legal provider of online sports and racing betting in New Zealand.

“The racing industry generates $1.9 billion for the economy and employs 13,500 people across the country.

“Racing and sports have a special place in communities throughout New Zealand. With the rapid growth in online betting, we needed to make changes to protect TAB NZ’s betting revenue to support the progress of the industry,” Mr Peters says.

“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.”

“It also means all sports and racing betting in New Zealand will now be in a fully regulated environment.”

The Bill introduces regulation-making powers for harm minimisation and provides a regulatory backstop to ensure that consumer obligations are met. This provides flexibility to adapt to any future changes in the racing and sports betting environment.

“Increased ministerial and regulatory oversight will be in place to ensure TAB NZ operates with integrity. If TAB NZ's performance does not meet expectations, action can be taken to uphold the protection of consumers.”

"This legislation comes at an important time for the racing industry, with TAB NZ's announcement of the establishment of an advisory committee of industry leaders. This will encourage connections and opportunities for TAB NZ to explore with the industry."

“I am supportive of the industry taking the initiative to enhance industry development,” Mr Peters says.

 

© Scoop Media

[Insider]

35 minutes ago, edor said:

ask guerin he has all the answers are nz tab going to pay starting odds like bet 365 i bet not so how are they going to look after nz punters

Edor, you can bet SP odds with the TAB (Entain) now.

[Leggy]

3 minutes ago, Insider said:

edor, you can bet SP odds with the TAB (Entain) now.

I think Edor means that if you have a fixed odds bet with bet365 you get the higher of the fixed odds or the starting price. Don't think NZTAB offer that.

[Pete Lane]

3 minutes ago, Leggy said:

I think Edor means that if you have a fixed odds bet with bet365 you get the higher of the fixed odds or the starting price. Don't think NZTAB offer that.

They don't.

[gubellini]

I have always bet solely with our TAB. This legislation will be easily circumvented by NZ punters transferring money to family or business associates in Australia and getting them to place bets on their behalf.

 

[tripple alliance]

How is this not a positive move and why all the winging about those at  the so called grass roots  they will keep going until they strike a better horse , if you horse struggles to perform get rid of it . Stakes aren't that bad just look at the open sprint at Trentham on Saturday 6 starters with  combined winnings of over $1,000,000

[nomates]

5 minutes ago, tripple alliance said:

How is this not a positive move and why all the winging about those at  the so called grass roots  they will keep going until they strike a better horse , if you horse struggles to perform get rid of it . Stakes aren't that bad just look at the open sprint at Trentham on Saturday 6 starters with  combined winnings of over $1,000,000

Yeah right , that's why we are short on owners and horses .

You are so out of touch .

Look at your last comment , 6 horses , 6 , there used to be 3 times that many .

And that number is still shrinking .

[edor]

yes that is right peter bet 365 pay starting price even if you backed your horse at lower odds can you see nz tab doing that no and 3 alliance sounds like you are in a syndicate and do not pay like us as sole owners so how is it  positive news your syndicates can do that we do it for the love of our horses and that is what keeps racing going you tell anyone racing there horse today to get rid of it not a very good comment at all