Football receives $2.4 million in payout from New Zealand’s TAB

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Football has received $2.4 million in commissions from New Zealand’s TAB betting agency after a bumper year of gambling on the sport in 2022.

In 2022, punters invested $72.8 million on sports betting with the TAB, according to its recently-released annual report, and it paid $12.6 million in commissions to the 38 sports bodies that licensed them to conduct betting on their events.

In its annual report, the TAB says it receives insufficient regulatory protection, enabling a substantial amount of online betting to go to offshore operators, depriving New Zealand of more benefits.

The five national sports bodies to receive the most in commissions during the 2021-2022 financial year were:

  1. Basketball NZ — $3.0 million
  2. NZ Football — $2.4 million
  3. NZ Rugby League — $1.5 million
  4. Tennis NZ — $1.45 million
  5. NZ Rugby Union — $1.1 million

National sports bodies receive commissions from all bets placed on their code, including domestic and international fixtures.

A major component of the New Zealand betting is the English Premier League and tournaments such as the FIFA World Cup.

The FIFA World Cup final created an all-time record in New Zealand’s history of betting on sporting events.

More than 42,000 New Zealanders placed a bet on the outcome of the match, the most to bet on any single event in the TAB’s 26-year history of sports betting.

The TAB paid out more than $3 million in winning bets on the final, won by Argentina after a penalty shootout with France.

Main photo: How the TAB promoted betting on the FIFA World Cup. Photo: TAB.

READ MORE: Kiwis smash all-time record with bets on FIFA World Cup final >>>>

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