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New Zealand law explained for everyone

Racing Industry Act 2020

Betting and TAB venues - Betting - Sports betting

79: Agreements with New Zealand national sporting organisations

You could also call this:

“TAB NZ needs permission from sports groups to run betting on their events”

TAB NZ needs to get permission in writing from the right New Zealand national sports group before they can run sports betting on any sports events. This is like asking for permission before you do something that involves someone else’s sport.

When TAB NZ and the sports group agree, they write down all the details of how it will work. This includes how much money the sports group will get from the betting. The money comes from the bets people make on the sports events that are part of the agreement.

Both TAB NZ and the sports group need to be happy with all the parts of the agreement before they can start the sports betting. It’s like when you and your friends agree on the rules before you start playing a game together.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292139.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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78: Sports betting rules, or

"Rules for betting on sports"

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80: Agreements with Sport and Recreation New Zealand, or

"TAB NZ can make deals with Sport NZ to allow betting on sports without official NZ groups"

Part 4 Betting and TAB venues
Betting: Sports betting

79Agreements with New Zealand national sporting organisations

  1. TAB NZ may not conduct sports betting on any sporting event or events without the written agreement of the appropriate New Zealand national sporting organisation.

  2. An agreement entered into under subsection (1) must be on the terms and conditions that are agreed between TAB NZ and the New Zealand national sporting organisation concerned, including payment to the sporting organisation, under section 82(1)(e), of revenue derived from sports betting on the event or events to which the agreement relates.

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