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The TAB offered a $150 million deal to the government in a bid to secure a lucrative online casino licence, according to documents obtained by RNZ. National campaigned on gaining significant revenue from online casino operators, claiming that imposing a gaming duty of 12 percent would bring in an average of $179 million a year. But van Velden said she did not want community groups to become dependent on grants from the online casino operators.

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It is crucial to note that RTP is calculated over a very long period of time, so following it does not guarantee short-term results. A higher RTP will generally indicate a better chance of winning over time, but it does not account for variance, which affects the frequency and size of payouts in a game. This is particularly common with online pokies in New Zealand, where the average RTP is around 96%.

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"Casino products are fundamentally different to wagering products and the Minister has advised TAB NZ of his expectation that it retains its focus on sports and racing." "This will send money offshore and out of the hands of the hands of community groups, and that's not how you grow an economy." "Evidence from overseas has seen operators pull out of markets to protect their profits when their operating costs are increased by tax and duty changes." The documents show that TAB chief executive Nick Roberts wrote to Racing Minister Winston Peters saying that ten or more licenses - let alone the 15 being offered up by the government - would constitute an open market.

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His background includes being an English teacher, and a professionally-published writer/editor for over ten years. Overall, we recommend $10 Paysafe casinos, and you can find the best one for you from our list at the top of the article. Enjoy high-quality live streams that bring every detail to life, ensuring you don’t miss a moment of the action. The crisp visuals and smooth streaming make you feel like you’re right there at the table. Despite those concerns Peters introduced legislation extending the TAB's sports and racing betting monopoly to the online environment last year and it is expected to pass into law by May. Peters has legislation before Parliament - amendments to the Racing Industry Act - which will extend the TAB's monopoly for sports and race betting to the online environment.

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