Funding boost for racing will help create jobs in the regions

Harness Racing NZ has welcomed proposed changes that would give TAB NZ the exclusive rights for online racing and sports betting in New Zealand.

Racing Minister Winston Peters said the Government will shortly introduce legislation to amend the Racing Industry Act 2020.

“This is welcome news for everyone involved in the New Zealand harness racing industry,” says Harness Racing Chief Executive Brad Steele.

The introduction of the so-called "legislative net" is aimed at stopping millions annually going to offshore racing and sports betting operators.

“We are already seeing the fruits of our new growth strategy launched this year, and this will enable us to accelerate the pace and continue to connect Kiwis through exciting racing, iconic events and the love of our horses,” says Steele.

“Since the start of the new racing season, Harness has seen double digit growth across all core metrics, with starters numbers up  12%, weekly wagering customers up 16%, and total turnover on harness racing up over 13% and with horses being exported to Australia and America slowing significantly with owners cashing in on the home-grown opportunities to race locally."

“It is not widely understood that our harness racing industry is an important employer in regional centres throughout New Zealand. It’s not just trainers, drivers, stable-hands – it’s a whole ecosystem that includes animal feed suppliers, equine equipment, veterinary services, transportation, catering and so much more.”

The Bill will now go through the select committee process.  

“We congratulate the Minister on today's announcement, which will allow TAB NZ to provide sustainable support for the industry - and those who benefit from it - for years to come”, Steele says.