Snow Sports NZ has signed a funding agreement with the TAB, allowing the country’s sole sports betting operator to run betting markets on sanctioned snow sports events.

In July last year, a law change was implemented so that TAB NZ became the only legal provider of sports betting for people in this country.

“The agreement we have signed means Snow Sports NZ will formally allow TAB NZ to run betting markets on the snow sports events we sanction, with some of the return coming back to us as a sport,” Snow Sports NZ announced last week.

Snow Sports said athletes had been consulted “in the lead-in to this decision and appropriate integrity monitoring and safeguards will be put in place”.  

“There may be some promotion of this activity on our channels and at events,” the organisation said. 

Snow Sports NZ Board would confirm how the money would be invested back into the sport once it “understands the quantum of funding coming back from the TAB”.

The announcement comes just days after the New Zealand Snow Sports team secured three medals at Milano Cortina 2026, equalling Beijing 2022’s medal tally - the team’s most successful Games.

More than 30 sporting organisations in New Zealand already have similar agreements in place. Millions of dollars in funding goes back to New Zealand sporting bodies annually from the TAB’s betting products and other gambling sources. 

IMAGES: Supplied/Snow Sports NZ