The newcomer to the New Zealand wagering market since the TAB’s founding in 1950 is called betcha. Betcha, which was introduced by Entain Australia and New Zealand, represents a substantial change in the local betting market. The creation of betcha was a reaction to the increasing danger that offshore betting companies posed to New Zealand’s sports and racing industries, according to Cameron Rodger, Managing Director of Entain Australia and New Zealand.
“In the three months to the end of June 2024, New Zealanders’ spending with offshore betting operators grew by 30%, continuing a trend over the last three or more years,” Rodger stated. He further highlighted that offshore betting now exceeds $180 million annually, with a notable increase in spending among 18-29-year-olds. Rodger pointed out that this offshore activity contributes little to the local industry and lacks the robust harm minimization support that betcha plans to offer.
betcha’s Unique Appeal and Social Approach
Unlike traditional brands like TAB, which has a longstanding presence in New Zealand, betcha aims to appeal to a new generation of bettors. Entain’s Chief Marketing Officer, Mel Kenneday, described betcha as a digital-only brand that emphasizes social interaction. The platform allows users to create syndicates and place bets with friends, enhancing the social experience of wagering.
“This new brand will emphasize the social and competitive value of sports and racing and introduce New Zealanders to the next generation of betting,” said Kenneday. She noted that betcha would focus on sports and events that resonate with younger audiences, such as football, basketball, and UFC. Notably, betcha has already secured a partnership as New Zealand’s official wagering partner for UFC.
betcha also introduces innovative features through its Toolbox, empowering users to customize their betting experience by choosing specific races, tracks, or sports for their exclusive tools. This approach reflects betcha’s commitment to providing a fresh and engaging platform for Kiwi punters.
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