NZ Racing Board: New Zealand’s Racing Regulator
As many of you probably know, there is only one legal sports betting agency in New Zealand, and that is the NZ Racing Board. The latter is just as important as the NZ Gambling Act 2003. Check this blog post to find useful information about the Board.
What Exactly Is the TAB NZ?
TAB NZ, Tab New Zealand, or the NZ Racing Board, is the only statuary body that provides sports betting services in New Zealand. The latter was established through the 2003 Racing Act and received the legal right to promote the racing and betting industry and to increase the overall profits from this business.
In the next paragraphs, we will provide further information for the New Zealand Racing Board and will mention some of the disciplines New Zealanders can bet on.
History of the NZ Racing Board
The New Zealand Racing Board is actually the former name of TAB New Zealand. The latter is the statuary body in New Zealand that has the legal right to offer sports betting services within the country. People residing in the country are only allowed to lay wagers on services offered by the NZ Racing Board.
The NZ Racing Board was established in 2003 under the Racing Act. It was given the right to promote the racing industry in the country and to operate the TAB. The Board is obliged to contribute to the overall improvement of the racing industry in New Zealand and maximise the profits generated from such services.
Furthermore, under the 2003 Racing Act, the New Zealand Racing Board must strive to improve the industry by promoting ownership of greyhounds and racehorses. Moreover, the conditions of the facilities where racing events are organised must be improved, as well.
Betting on Sports in New Zealand
As you already know, the official New Zealand sports betting agency is TAB NZ. Therefore, New Zealanders are only able to bet on sports offered by the latter. When it comes to online betting, Kiwis are allowed to bet on betting sites or NZ online casinos, for example, that are not registered within NZ. In other words, wagering on offshore websites is not prohibited.
Therefore, New Zealanders can bet on sports at the TAB. Additionally, players are able to lay their bets digitally through the official TAB NZ website or by installing the dedicated TAB mobile app. However, there are rumours that the situation with online betting will be further discussed in the near future. It is still unknown if the regulations will remain the same or if there will be major changes for players living in the country.
Disciplines New Zealanders Can Bet On
The racing tracks in New Zealand surely are awe-inspiring. At present, there are more than 50 race tracks, which means the huge popularity of horse betting is not that surprising. Apart from betting on horses, Kiwis like greyhound racing, as well. Other well-known disciplines are quite popular among New Zealanders, including football, rugby, cricket, hockey, and tennis.
As aforementioned, people of legal age can visit the official website of the NZ Racing Board and explore the available options. Furthermore, the free TAB mobile app is excellently optimised. As for the most preferred types of bets, it seems like most punters like Single Bets, Futures, Parlays, and Accumulators.
Further Information about the NZ Racing Board
In one of the final paragraphs of our article, we will provide further information about the New Zealand Racing Board. Let’s start by saying that its affairs and business are managed by the Board. The latter is responsible for the management of the NZ Racing Board’s affairs and business. It consists of seven members.
Another important piece of information regarding the NZ Racing Board is that it is strongly concerned with problem gambling in the country. Under the 2003 Racing Act, it must provide information with respect to compulsive gambling and provide training that will help people avoid or deal with gambling addiction. It’s the Board’s responsibility to minimise the risks associated with gambling by promoting self-exclusion programmes, responsible gambling tools, etc.
FAQ
If you have read the previous paragraphs, you already know that in New Zealand, people can only bet on disciplines offered by the NZ Racing Board. The only other alternative is gambling at offshore online bookies or real-money casino sites for NZ players. To learn more about the New Zealand Racing Board, have a look below.
1️⃣ When was the NZ Racing Board established?
It was in 2003 when the The NZ Racing Board was established under the Racing Act. As you already know, this is the official sports betting agency in New Zealand, and people are only allowed to bet on sports events offered by it. However, they can also test their luck at offshore gambling platforms.
2️⃣ Does the NZ Racing Board promote responsible gambling?
Yes, the according to the additional information ahout the New Zealand Racing Board, the organisation promotes responsible gambling. It supports the use of self-exclusion programmes and other responsible gambling tools. Furthermore, it provides information and advice with the aim of minimising the cases of compulsive gamblers in the country.
3️⃣ Who provides sports betting services in NZ?
Sports betting services in New Zealand are offered by the TAB NZ. The latter has an official website where players can get acquainted with all important details. Furthermore, there's a TAB mobile app available to every New Zealander that allows punters to bet directly via their phones.
4️⃣ What sports do New Zealanders bet on?
Undeniably, two of the most popular sports disciplines in New Zealand include horse betting and football. However, a number of other options are available. Cricket, rugby, greyhound racing, harness racing, and tennis are incredibly common picks among active punters.
5️⃣ Is online betting legal in New Zealand?
New Zealanders can bet on sports at the TAB, on the TAB's official site, or directly via the TAB app. Simply put, online betting is not exactly prohibited. As long as it's offered by the NZ Racing Board, the activity is considered legal. Otherwise, you will have to choose an offshore gambling platform.