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TAB NZ increases funding for racing industry to record $215 million

7th August 2023 9:49 am GMT

TAB New Zealand's direct funding to the domestic racing industry will reach a record NZ$215 million for the upcoming 2023/24 racing season.

TAB NZ’s direct funding of racing is made up of a distribution payment to Racing New Zealand, the application of class 4 gaming proceeds to the Racing Authorised Purpose, and funding of the independent Racing Integrity Board.

The 2023/24 plan sees a further $30 million made available to the three racing codes, in addition to [...]

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