Tabcorp reaches exclusivity deal with NSW TABCORP Holdings has reached an in-principle agreement with the NSW government to extend its exclusivity wagering licence until June 2033. The deal comes two years after the Victorian government renewed Tabcorp's exclusive arrangements until 2023. While Tabcorp subsidiary Tab Limited's (TAB) NSW retail wagering licence does not expire until 2097, its exclusivity would otherwise have expired on June 22, 2013. Under the agreement, TAB will pay $75 million to the NSW government to extend the exclusivity period. That comprises a down payment of $50 million, with the rest paid over a 10-year period from 2024. TAB will continue as the sole provider of totalizator and fixed-odds betting until June 2033. Tabcorp chief executive David Attenborough on Thursday hailed the agreement as "a great outcome for TAB, but it is also the right outcome for the NSW racing industry." The existing funding model had returned $238.6 million to NSW's thoroughbred, harness and greyhound racing industries in fiscal 2012, he added in the statement. TAB gambling products are offered at 2,130 hotels and clubs in NSW. Tabcorp shares were three cents lower at $3.21 at 1015.