Gaming giant Tatts Group’s stranglehold on the Queensland’s retail wagering and sports betting sector has been secured for another 30 years, under a new $150 million deal with the Queensland government and the state’s racing authority.

Under the deal, Tatts will be the exclusive retail operator of betting shops in the state until June 30, 2044.

Tatts will be the exclusive operator of betting shops in Queensland until 2044. Credit:Tertius Pickard

The company has also had its sports wagering licence extended for 61 years to bring this licence in line with its existing racing wagering licence; both now expire on June 30, 2098.

Tatts will pay the government $150 million as a licence fee in four instalments spread between now and 2023.