Racing NSW and Tabcorp strike landmark deal to future-proof NSW racing

Racing NSW has announced a new agreement with Tabcorp that will see several key commercial arrangements extended while paving the way for major initiatives aimed at strengthening the future of the NSW thoroughbred racing industry.

The agreement includes the extension of several important partnerships through to 2031, including international pooling, free-to-air broadcast rights for 52 Saturdays each year and the continued funding of The Golden Eagle.

Racing NSW and Tabcorp have also approved the implementation of a National Tote, a move expected to grow wagering revenues while providing punters with access to larger totalisator pools.

The agreement will also see Racing NSW take over management of Sky Thoroughbred Central, with plans to introduce new programming and initiatives designed to better promote the NSW thoroughbred racing industry and attract new audiences to the sport.

Racing NSW Chief Executive Peter V’landys AM said the initiatives would provide long-term benefits for the industry.

“These announcements future proof the industry and ensure that our participants and clubs can continue to benefit from these important revenue streams,” V’landys said.

“Further to this, more revenue for the NSW Thoroughbred Racing Industry is expected to be generated from the introduction of a National Tote.

“The totalisator is an important part of the wagering market, and the National Tote can further stimulate tote betting through larger pools which make the pools more elastic. This ensures better value and more opportunities for punters.

“The innovations with Sky Thoroughbred Central are also significant. Racing is competing in a modern media environment, and we need to keep improving how the sport is presented, promoted and consumed.

“This agreement ensures that the NSW Thoroughbred Racing Industry has a platform to promote not just the races themselves, but also the horses and participants to showcase the sport to new audiences.”

The agreement represents one of the most significant commercial announcements for NSW racing in recent years, securing key funding streams through to 2031 while positioning the industry to capitalise on larger wagering pools and expanded media opportunities.