LOTTO NZ REVENUES 2020/2021 TICKETS
Lotto, Powerball, Strike Instant Kiwi
Instant Kiwi Online Keno
Bullseye
Total Sales Net Profit
FY2020/21 $1.26bn
$136.7m $46.5m $45.4m $13.9m $1.5bn
$378.3m
2. Extending the service TAB and Lotto could offer – Lotto and TAB would remain the only providers, but they could expand their product range to offer online casino games for example.
3. Licensing domestic operators – Commercial and charitable operations based in New Zealand would be able to obtain licences in New Zealand to offer either limited products not already on offer or offer unlimited products creating a more competitive environment. Tis could mean existing landbased casinos in New Zealand could seek licences to offer online casino games or slots via corporate society operators.
4. Licensing both domestic and overseas operators – an option is to limit the operators to licences for online products not already licensed to an existing operator (ie: online casino games) or as above to open the licensing process to any product.
Some suggestions in the submissions say if online slots are permitted then there should be a consistency between online and Class 4 (Pokie) gaming machine bets and prize limits.
Tere is a suggestion to limit online Class 4 online and landbased bets to $2.50 and $500 maximum prize limit and up to $1,000 for jackpots. Others suggested a higher $5 bet, $10,000 pay out and $25,000 jackpot.
P98 WIRE / PULSE / INSIGHT / REPORTS
FY2019/20 $1.16bn
$126.1m $40.1m $36.1m $13.1m $1.38bn $333.5m
New Zealanders spent $1.5bn on Lotto products in FY2021 – which has doubled over the last 10 years and the highest in
Lotto history and up nine per cent from 2020. The
lottery is now responsible for around 28 per cent of total gambling spend in NZ.
THE LOTTERY
Meanwhile media scrutiny over gambling in New Zealand has also been focused on the country’s national lottery. It is said nearly 70 per cent of the Lotto shop sales are made in the poorest half of the community.
MyLotto has claimed it is closing down many stores in these areas and has set itself a target to reduce the ratio of stores in low income areas by the end of 2022.
Te highest selling area for retail lottery tickets was in Henderson-Massey, a community in
West Auckland – they spent $26m on Lotto in 2021. Te number of retail outlets has dropped from 1,549 in 2019 to 1,416 in 2021.
Lotto NZ was established in 1987 and 100 per cent of the profits go back to the Kiwi communities funding various organisations and charities. Some $5.2bn in total since the lottery’s set up has been put back into the community.
Te lottery offers various products such as Lotto, Powerball, Strike, Keno, Bullseye, Instant Kiwi and Instant Kiwi online. Tickets are sold via 1,400 lottery outlets or online via mylotto and the Lotto NZ app.
New Zealanders spent $1.5bn on Lotto products in FY2021 – which has doubled over the last 10 years and the highest in Lotto history and up nine per cent from 2020.
Te lottery is now responsible for around 28 per cent of total gambling spend in NZ compared to 18 per cent back in 2010. Powerball is the main driver of sales.
Digital sales have grown from around 19 per cent in FY2019 to 37 per cent in FY2021 ($558.7m) and there were 1.4 million registered players in FY2021 compared to 746,000 in FY2018.
SPORTS BETTING
In July 2020, the Racing Industry Act established TAB NZ as the sole betting provider for racing and sports and provides betting services to New Zealand whilst profits are put back into racing and sporting organisations. Each year around $200m is returned to the organisations.
TAB NZ replaces the Racing Industry Transition Agency (RITA) which was the successor to the New Zealand Racing Board which was established to manage the transition to the new operating model.
TAB NZ is regulated by the Racing Integrity Board which is responsible for compliance and adjudicative functions of the racing rules set out
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