Plain language law

New Zealand law explained for everyone

Racing Industry Act 2020

Betting and TAB venues - Betting - General provisions

84: Deductions for totalisator betting

You could also call this:

“How TAB NZ takes a small part of your bet money for horse races and sports events”

When you bet on horse races or sports events, TAB NZ (the organisation that runs betting in New Zealand) takes a small part of the money you bet. This is called a deduction. The rules say how much they can take.

For horse racing bets, the racing betting rules tell you what percentage of your bet will be deducted. This percentage covers different costs mentioned in section 77 of the law.

For sports betting, the sports betting rules do the same thing. They tell you what percentage of your bet will be deducted to cover costs mentioned in section 82 of the law.

If TAB NZ wants to increase these percentages or set them for the first time, they need to tell the recognised industry organisations beforehand. For sports betting, they also need to tell the relevant New Zealand national sporting organisations.

TAB NZ can decrease these percentages without changing the rules if it’s only for a short time and for a special promotion.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292146.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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83: Rules relating to other racing or sports betting conducted by TAB NZ, or

"TAB NZ can make rules about other betting, but they need approval and must follow guidelines"

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85: Availability of betting rules, or

"TAB NZ must share new betting rules with the government and put them online for everyone to see"

Part 4 Betting and TAB venues
Betting: General provisions

84Deductions for totalisator betting

  1. For the purposes of determining winning dividends for totalisator racing betting, racing betting rules made under section 76 must state, by way of a percentage of the amount bet, the total of the amounts referred to in section 77 for each form of betting.

  2. For the purposes of determining winning dividends for totalisator sports betting, sports betting rules made under section 78 must state, by way of a percentage of the amount bet, the total of the amounts referred to in section 82 for each form of betting.

  3. Before TAB NZ determines for the first time or increases any of the percentages required to be stated in the rules by subsection (1), TAB NZ must give reasonable notice of the proposed percentages to every recognised industry organisation.

  4. Before TAB NZ determines for the first time or increases any of the percentages required to be stated in the rules by subsection (2), TAB NZ must give reasonable notice of the proposed percentages to every recognised industry organisation and the relevant New Zealand national sporting organisations.

  5. If TAB NZ decides to decrease any of the percentages required to be stated in the rules by subsections (1) and (2), it is not necessary for TAB NZ to amend any rule to reflect the decrease if the decrease is—

  6. only temporary; and
    1. for the purpose of a particular promotion.

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