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NZRB launches new odds betting portal

New Zealand Racing Board (NZRB) heralded a new era for Kiwi punters and the New Zealand TAB betting service thanks to the “modern, innovative and competitive new TAB website and mobile app.

Working under the ‘New Zealand TAB’ domain – www.TAB.co.nz, the new platform is powered by Scientific Games OpenBet as lead systems provider, supported by Paddy Power Betfair.

NZRB Chief Executive John Allen said: “We estimate this initiative alone will increase returns to the industry by $17 million – $19 million in annualised profit, rising to approximately a $30 million increase in net betting profit as a result of the Fixed Odds Betting change from 2021/22.

Our partners on this project, OpenBet and PaddyPower Betfair are world class operators. What they have done is ensure the New Zealand TAB, a significant and valuable industry asset, can now compete with the rest of the world, increase our revenue and in turn, our distributions back to racing and sport”.

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