Racing bill under scrutiny: TAB NZ could become sole online betting operator

A Bill which would give New Zealanders just one avenue to bet on racing and sports online is under the microscope.

The amendments to the Racing Industry Act would make TAB New Zealand the sole legal domestic operator of online racing and sports betting.

The TAB estimates Kiwis lose $185 million a year to offshore operators, with the changes expected to retain this money.

It’s all while the TAB’s operator, Entain, faces allegations of not doing enough to combat money laundering and corruption in Australia.

And there are concerns from those in the industry that the monopoly would push Kiwis onto the black market.

Today on The Front Page, Business Desk’s Gregor Thompson has been following the progression of the bill, and joins us.

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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

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