By Mark Geenty
ANALYSIS: Some cash-strapped national sporting organisations (NSOs) are in line for a funding boost as Sport New Zealand decides how to distribute a $20 million windfall from the newly-passed Racing Industry Amendment Bill.
The big question is: how fairly will it be dished out, and will sporting codes who receive very little in TAB commissions enjoy a heftier balance sheet-boosting payout?
Racing Minister Winston Peters’ bill – which makes it illegal for offshore bookmakers to accept online bets on sport and racing from New Zealand – had its third reading in Parliament on Wednesday and will become law within days.