GAMBLING SECTOR REVENUES SECTOR
NZ Racing Board (TAB) Turnover Prizes
Revenues
NZ Lotteries Commission Turnover Prizes
Revenues
EGMs (outside of casinos) Turnover Prizes
Revenues
Casinos Revenues
TOTAL REVENUES
2016/17
$2.24bn $1.90bn $338m
$1.20bn $652m $555m
$9.80bn $8.93bn $870m
$572m $2.33bn
outsourcing model of all domestic wagering, broadcast and gaming operations to a single third party wagering and media operator of international scale under a licence agreement with NZRB (effectively meaning the end of TAB). NZ racing bets account for less than three per cent of Australia’s turnover on thoroughbred racing (around $500m). Te NTRB would like to increase that amount to six per cent whilst outsourcing would encourage the Australian partner to promote NZ racing.
2017/18 PER CAPITA 2017/18
$2.26bn
$1.24bn $686m $561m
$10.04bn $9.15bn $895m
$578m $2.38bn
$1.91m $509 $350m
$602 $93
$332 $183 $149
$2,674 $2,436 $238
$154 $634
Codes based on their respective contribution to the New Zealand economy.
l
To allow the NZRB (Wagering NZ) to operate on all sporting events (with or without a National Sporting Association agreement).
Dr Alan Jackson, NZTR Chairman said: “It’s time for change. We believe this report will create a blueprint for a thriving thoroughbred industry. We need to work with the government, the New Zealand Racing Board and the Racing Industry
Te Australian market has a big growth potential and
punters spend more money on NZ thoroughbred racing than New Zealanders, whilst figures show per capita spending on wagering in Australia is NZ$255 annually
compared to NZ$92 for New Zealanders. Full outsourcing of all domestic wagering, broadcast and gaming operations to a single third party wagering and media operator of international scale would mean the end of TAB
l
Track reduction via Future Venue Plan. Te report did however make the proposal to gradually reduce the number of horse racing tracks and close 20 over the next five years to leave 28 existing venues to be upgraded. Revenues would be used to renovate the remaining tracks including the construction of three synthetic all weather tracks in Cambridge, Awapuni and Riccarton.
l
In addition the report aims to increase prize money to about $110m a year through a simplified three tier racing model with payments extended to tenth place in all races. Currently prize money is around $59m.
l
To repeal the government betting levy. At the moment betting levy is around $13.2m per year. As the industry is in a loss making position it is suggested the proceeds would instead be distributed directly to the Racing
Transition Agency to ensure that this opportunity is not wasted.
“We are confident that racing has a bright future in New Zealand but real change and brave leadership will be required if we are to achieve the report’s target of doubling prize money.”
At least 10 tracks are due to be closed this year under the Future Venue Plan release in January 2019 and consultation took place with the industry with several petitions to ‘save the racetrack’ underway in certain areas
Te second Code is harness racing and Harness Racing New Zealand (HRNZ) is the administrative body. Tere are some 245 race days held and 2,481 races held by 40 harness clubs at 38 racetracks. Te majority of races are held in Canterbury and Auckland and there are over 3,000 standardbred horses in the country.
NEWSWIRE / INTERACTIVE / MARKET DATA P115
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