Plain language law

New Zealand law explained for everyone

Racing Industry Act 2020

Betting and TAB venues - Betting - General provisions

88: Amalgamation with overseas betting systems

You could also call this:

“TAB NZ can mix betting money with other countries to make bigger prizes”

TAB NZ can combine the money available for betting on races or sports events with money from betting systems in other countries. This creates a bigger pool of money for prizes. You can bet on these events if the law allows it. This means that when you place a bet, you might be part of a bigger group of people betting from different countries.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292150.

Topics:
Money and consumer rights > Gambling Business > Industry rules
Previous

87: Use of betting systems for gaming purposes, or

"Rules for using TAB NZ's betting systems for special games"

Next

89: Offences relating to underage betting, or

"It's illegal for under-18s to bet or for others to help them bet"

Part 4 Betting and TAB venues
Betting: General provisions

88Amalgamation with overseas betting systems

  1. TAB NZ is authorised to amalgamate the amount available for an event or events for which racing betting or sports betting is authorised under this Act with amounts available from overseas betting systems to form a combined dividend pool.

Compare