TAB New Zealand (TAB NZ), formerly the New Zealand Racing Board (NZRB) and the Racing Industry Transition Agency (RITA), now the TAB again, is a statutory monopoly for New Zealand sports betting, including betting on horse racing and greyhound racing. It was established under the Racing Act 2003 to operate the TAB, promote the racing industry and maximise the profits of the industry. It broadcasts racing on two television channels TAB Trackside 1 and TAB Trackside 2.