Friday, July 01, 2022

Racing Minister proposes betting reforms

New Zealand’s Racing Minister is seeking feedback on proposed changes that will allow the country’s central betting agency to take bets on more events and accept wagers during horse races.

The proposed changes follow a report which found that New Zealanders were increasingly turning to offshore bookmakers.

According to New Zealand’s OCA News, the reforms would lift the restrictions that currently prevent the TAB from taking wagers during horse races as well as offering bets on sports outside of those represented by national sporting organizations.

By law the New Zealand Racing Board is the only provider of racing and sports betting via the TAB.

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