Ten months after NSW treasurer Daniel Mookhey promised a comprehensive review of the structure of funding of racing in the state, specifically concerning the long-term deal it has with Tabcorp, key stakeholders seem stuck in radio silence.
After a submission from Tabcorp early last year, Mookhey made a bold pledge in June 2024 to review the Tabcorp deal with a loose deadline of the end of 2024 for a decision.
“The NSW government will apply strict scrutiny to Tabcorp’s proposal. Change will happen if it is clear that the public will be better off,” he said. “Gambling companies should always be paying their fair share.”
But nearly four months into 2025, there has been no announcement.
At the heart of the review was said to be Tabcorp’s current retail and totalisator exclusivity agreement, which runs until 2033, as well as its long-term totalisator licence which runs until 2097.
"This is a positive step towards ensuring the sustainability of the NSW racing industry. Tabcorp looks forward to working constructively with the NSW government and the NSW racing industry during this process," a statement from Tabcorp said at the time.
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