NSW Gaming Revolution
NSW Gaming Revolution
Blog Article
The NSW TAB changed betting as we know it. It opened its first six agencies on December 9, 1964 and the world of racing betting was transformed. Now, 50 years on, the TAB continues to lead and support racing into the future.
Founded on an innovative idea, the TAB introduced the first betting machines in Australia and became the leading sports betting brand in the country. Since then, the TAB has grown from its six original offices to more than 2,000 locations throughout NSW. The company also offers horse and greyhound racing and fixed-odds sports betting online.
TAB was the first operator to introduce mobile apps in Australia, and now it offers a range of state-of-the-art platforms for both smartphone and tablet devices. Its online platforms are user-friendly and provide punters with a treasure trove of information to help them make the right decisions. These include expert analysis and tips, as well as comprehensive guides on betting strategies and odds calculation.
NSW TAB is dedicated to promoting responsible gambling and has been a long-time advocate for industry reform. Its responsible gambling programs and services are designed to reduce harm, especially among young people, and promote healthy choices. Its efforts are lauded by the industry, including the Australian Council on Problem Gambling, which has partnered with the TAB to raise awareness about the issue.
The TAB also works closely Nswtab with local communities to support responsible gaming and help people stay safe. Its Responsible Gambling Code of Practice outlines measures that it and its licensees must take to prevent gambling-related harm, such as preventing underage access, providing customer assistance, and minimising advertising. The Code of Practice is a vital component of the TAB’s Responsible Gambling Framework, which has been implemented across all divisions of the TAB.
Despite this, the TAB has been accused of violating its Responsible Gambling Framework in some instances, including sending direct marketing materials to a customer who had opted out of receiving them and failing to ensure that employees were aware of their responsibility to minimise harm. The TAB has apologised for these breaches.
In addition to its responsible gambling initiatives, the TAB has made a number of other changes to ensure that gamblers are getting their fair share. In 2023, the NSW government raised POCT to 20% of GGR. The move was welcomed by the gambling industry and was seen as a good step in ensuring that gambling companies are paying their fair share.
The TAB is also set to increase its point of consumption tax in Queensland and Victoria next year, a move that has been greeted with much fanfare by the states’ gambling industries. The increase will be in line with the national POCT of 25% and is a positive development for the state’s racing industries. It will also ensure that the TAB is financially sustainable, especially as betting activity continues to decline in the digital era. The TAB is one of the most successful public companies in the nation and its future looks bright despite declining market conditions. Report this page