Betting Levy to be repealed

Media Release - Friday May 17

Racing Minister Winston Peters has announced a repeal of the betting levy (racing totalisator duty) currently paid by the racing industry to the Crown.

Winston Peters - image Trish DunnellPeters made the pre-Budget announcement when opening the New Zealand Bloodstock Karaka May Sale in Auckland on Friday.

Peters announced that payment of the levy to the Crown will be phased out over a three-year period, with freed-up funds to be redirected to the racing and sports sectors.The betting levy represents 4 percent of betting profits which amounted to $13.9 million in 2018.

"Redirecting the betting levy is a step towards revitalising of the racing industry. It was a recommendation of the Messara review of the racing industry, and was endorsed by the Ministerial Advisory Committee (MAC)," Peters said.

"The funds will be redistributed to the racing Codes and Sport New Zealand, with a proportion set aside to support the reduction of gambling harm.

Advertisement

"This change will provide an important source of revenue for industry investment decisions," Peters said.

"The racing industry plays a vital role in the New Zealand economy, having contributed $1.6 billion to the economy in 2016/17 whilst employing tens of thousands of New Zealanders, many of them young, and boosting New Zealand's exports.

"It is important that the industry is revitalised and placed on a sustainable footing for the future. Redirecting the betting levy funds is only one of a number of steps the government is undertaking."

Last month the Minister also announced a Government agreement to a stepped response to the Messara Report, introducing two new pieces of legislation to bring new governance arrangements and other sources of industry revenue. – NZ Racing Desk

Advertisment
More Reading...
Transatlantic Takes $1million Five Diamonds Prelude
Transatlantic’s lucrative spring carnival continued at Randwick with an arrogant victory in the $1m Five Diamonds Prelude.
Sale Cup Winner Adds to Fastnet Rock Super Weekend
It’s been quite the weekend for the late great champion sire Fastnet Rock with a Cox Plate quinella on Saturday and then on Sunday he produced a new stakes-winner when seven year-old gelding El Rocko captured the $200,000 Listed Sale Cup (1600m).
Wootton Bassett and Camelot 2YO Colts Win Final French Group Ones
The last French Group I races of their flat season were run on Sunday and Aidan O’Brien produced the winners of both the Group I Criterium International (1600m) and Group I Criterium de Saint Cloud (1800m).
Sires With Winners - Saturday October 25
Here is the full list of 136 stallions which had winners throughout Australasia today with winners and result details.
Second Wootton Bassett Son Added to Coolmore Stallion Roster for 2026
Set to join Camille Pissarro as the second G1 winning son of Wootton Bassett on the stallion roster for Ireland in 2026 is Henri Matisse, who this time last year was about to claim his first G1 victory at the Breeders Cup meeting at Del Mar.
Doubtland 2YO All On Red Smashes Them Again at Ascot
Widden Stud's Doubtland has a potential 2YO topliner in Perth in the shape of exciting WA colt All On Red, who remains undefeated from two starts after another comprehensive Ascot Saturday win.
Early Return Home for Cogburn
Group I winning Not This Time son Cogburn (USA) will return to WinStar Farm in Kentucky earlier than planned after disappointing fertility results during his first Australian covering season at Widden Stud.
Yes Yes Yes 3YO Shooting for G2 on Monday
Last year’s Gr.2 James and Annie Sarten Memorial (1400m) set Savaglee up for Group One glory in Christchurch, and Matamata trainer Pam Gerard is hoping to follow a similar blueprint in 2025 with her Yes Yes Yes 3YO Affirmative Action..
One to Watch – Sha Tin – You Don’t See That Every Day!
The Mark Newnham stable has been on fire in Hong Kong since the start of the new season and the former Sydney trainer produced a super promising winner at Sha Tin on Sunday by Capitalist that did everything wrong and miraculously still won the race!
From FNQ To Sha Tin - Aussie Bred Sprinter Wins G2 Premier Bowl
Some horses arrive in Hong Kong with a very different back story - Fresh from winning the $20million The Everest with Ka Ying Rising, David Hayes was back in the winner’s list at Sha Tin on Sunday when Tomodachi Kokoroe won the Group II Premier Bowl (1200m).