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Best Bets: 13.02.19
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Like Tony Cruz in 1996 when ‘the Red Sea parted’ in his final race, Douglas Whyte hopes to go out a winner
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yes i get that.but the thread started off just referring to the effect of geo blocking on racing turnover. my point ,that i made when i joined the thread , was the gain from the geo blocking,certainly from entains point of view,was expected to come from sports betting and that racing may be able to ride the coat tails of that sports betting gain through the trickle down effect. But you seem to think not as much will trickle down as i had hoped.anyways,enjoy the rest of your evening. -
But to date, there's no sign of much if any gain from geoblocking is there? My point at the beginning of this thread. -
well,we've been talking about who provides the new zealand sporting organisations with the money from sports betting. when i suggested,the money came from entain and the nz tab , you said no, its solely the nz tab and that entain got to keep all of their 50% of the sports betting profits and that the nz tab paid the 23% to the nso out of the nz tab's 50% shae of the profits. In other words the nso share came out after the nz tab got its 50% share,not before, as if it was before,then that would have meant entain were contributing,which you said,no they weren't to. then i said, if entain could see they could make so much money from sports betting through geo blocking,then why didn't the nz tab ask the nz governmant to do the geo blocking without the need for entain,thus getting to keep all that extra revenue the geo blocking created. Then you mentioned the 2029 projected figure as if that was a good thing and i came back and again said well why didn't the nz tab just ask for the geo blocking and take all the extra profit in the future ,thus not needing to give away hundreds of millions over the next 25 years. then you seemed to say,hey you've lost me. And then i assume you went and took 2 panadol.
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By Chief Stipe · Posted
TAB NZ have had to give NZ Sports a percentage of the revenue earnt from their sport long before the ENTAIN deal. The legislation that was passed in 2020 however extended the amount distributed to Sports by legally requiring the money earnt by Sports who didn't have a national organisation to go to NZ Sports and Recreation. The ENTAIN deal splits the net wagering revenue 50:50 between ENTAIN and Racing/Sports. -
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