Over the 25-year arrangement, the proposed terms have the potential to deliver a total uplift in payments to racing and sports of $5b compared with what the TAB expects to deliver during that same period.An additional and significant upfront payment should geo-blocking legislation be enacted that prevents unlicensed offshore operators from providing wagering services in New Zealand.Significantly strengthening the financial position of TAB NZ by facilitating an upfront payment to racing and sports, in addition to an increase in future payments over time.Other key factors and forecasts in the deal include: While the exact numbers in the Entain deal remain confidential, the TAB says if signed it will guarantee at least $1 billion in returns to the New Zealand TAB in the first five years of the deal. Without a major partnership, with the technology, skills and investment that will provide, there were huge fears the trend of diminishing returns would continue. Those issues have seen returns to the racing industry and sporting bodies fall.
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