The sports betting and racing industry in New Zealand is getting a major upgrade. A new betting platform was launched by the New Zealand Racing Board (NZRB). It is being touted as a betting platform that could revolutionize the country’s racing industry forever. Read on for more on this innovative move.
Betting Platform Brings a New Era
New Zealand’s TAB website is modern and gives a bigger competitive edge. Along with the mobile app, the TAB is offering more fixed betting odds and options. They also expect an increase in returns to the racing industry.
The new options are the “dawn of a new era for the racing board as well as its betting customers” said CEO of the NZRB, John Allen. Furthermore, Allen said the board wants to give a more compelling betting experience to Kiwis and improve the number of betting options the TAB can offer.
What the New TAB Website Has to Offer
The design of the new TAB betting platform has been tweaked to be more responsive, easy to navigate, and host more products and betting events than ever before. Additionally, New Zealanders can now bet on events from all over the world. Also, the betting platform now has a cashout feature which allows bettors the option to withdraw their winnings from fixed odds bets they’ve picked before the even is over. This helps with less suspensions, more markets, and direct betting on a live event.
Expect Huge Growth
The sports betting and racing industry is a numbers game and the new betting platform, according to Allen, is a boost. The NZRB is expecting a NZ$17 million increase in industry returns. This puts annual profits at NZ$19 million. More so, an increase like this would put New Zealand’s net betting profit at NZ$30 million.
With this new betting platform, Kiwi fans of sports and racing can finally take part in not just local but international markets as well.
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