It's now possible to bet on sailing after Yachting New Zealand reached an agreement with the New Zealand Racing Board.
Most main New Zealand sports have allowed betting for some time, and this is sanctioned under section 5 of the Racing Act 2003.
Yachting New Zealand's Chief Executive Des Brennan says, most sports funding is sourced from gaming activity, and when Yachting New Zealand sought members' views there was little strong opinion against the move.
Funding from betting isn't seen as a major source of income but it's hoped it will be a useful one.
It's also hoped that any promotion of events carried out by the TAB will increase the visibility of yachting and increase interest in its main regattas.