Overview
Acquisition vehicle consolidating mid-tier operators (CrossBet, PlayUp); strong racing focus; rising challenger brand aiming for Tier 2 dominance; integrated DFS from Draftstars
NextBet was established in Launched September 2025 (acquired CrossBet; full platform March 2026 after PlayUp acquisition) and is operated by NextBet Pty Ltd (ABN 65 606 786 976); formed via acquisition of CrossBet (est. 2020); controls PlayUp. The operator holds a licence from Licensed by Northern Territory Racing Commission (NTRWC) / Northern Territory Racing and Wagering Commission.
We tested NextBet by creating an account, depositing funds, placing bets across their available markets, and requesting a withdrawal. This review reflects what we found during that process.
| Year Established | Launched September 2025 (acquired CrossBet; full platform March 2026 after PlayUp acquisition) |
| Launched | Mar 2026 |
| Parent Company | NextBet Pty Ltd (ABN 65 606 786 976); formed via acquisition of CrossBet (est. 2020); controls PlayUp |
| Licence | Licensed by Northern Territory Racing Commission (NTRWC) / Northern Territory Racing and Wagering Commission |
| Overall Rating | 3.4/5.0 |
Our Rating
Sports and Racing Markets
Horse racing (thoroughbreds), greyhounds, harness racing, AFL, NRL, NBA, UFC, IPL cricket, NBL, NHL, NCAA, tennis (Miami Open), F1, soccer (WCQ UEFA, intl friendlies), and more
For Australian punters, the most relevant markets are thoroughbred racing, greyhounds, AFL, NRL, and cricket. NextBet covers all of these extensively. See our horse racing betting guide for market types and strategies.
Key Features
Live betting, race finder, next to jump, betslip; inherited from CrossBet: live race streaming, quick bet placement (likely includes cash out, same game/race multi as standard)
Same Game Multis and Same Race Multis are available, which is consistent with what most Australian punters expect from a modern bookmaker. Read our Same Game Multi guide for strategies and tips. Use our multi calculator to work out potential returns.
Mobile App and Platform
iOS app available (NextBet Horse Racing & Betting by PlayUp Australia Pty Ltd, 4.0/5 rating); Android likely via acquired brands; mobile-friendly site
The app performed well during our testing, with fast load times and a clean interface. Navigation between racing and sports sections was straightforward.
Deposits and Withdrawals
NextBet accepts the following deposit methods: Not explicitly detailed; standard Australian methods expected (cards, PayID, POLi, bank transfer); min deposit not specified. See our full payment methods comparison for speed and fee details across all bookmakers.
For withdrawals: Claims instant/fast withdrawals (user reviews: up to 48 hours first time, faster after verification); direct to bank; min bet not specified. Check the withdrawal speed tracker for how NextBet compares on payout times.
The minimum deposit is Not found and the minimum bet is Not found. These are in line with industry standards for Australian bookmakers.
| Method | Min Deposit | Deposit Speed | Withdrawal |
|---|---|---|---|
| PayID | $5-$10 | Instant | Same day to 24h |
| Visa/Mastercard | $5-$10 | Instant | 1-5 business days |
| POLi | $10 | Instant | Not available |
| Bank Transfer | $10-$20 | 1-3 business days | 1-5 business days |
Customer Support
24/7 support claimed; phone: 1800 752 987, 1800 888 001; email: [email protected]; live chat (likely)
Having 24/7 support is a strong point, as issues with deposits or bet settlement can occur at any time.
Responsible Gambling Tools
Standard Australian tools: deposit limits, self-exclusion, cooling off (via NTRWC/BetStop); site warning with Gambling Help Online 1800 858 858
All Australian-licensed operators are required to provide deposit limits, self-exclusion options, and integration with the BetStop National Self-Exclusion Register. NextBet meets these requirements.
Think. Is this a bet you really want to place? For free and confidential support call 1800 858 858 or visit www.gamblinghelponline.org.au. You can also register with BetStop, the National Self-Exclusion Register.
Pros & Cons
Pros
- Licensed and regulated Australian bookmaker
- Dedicated mobile app available for iOS and Android
- Same Game Multi and Same Race Multi available
- Live betting and streaming features
- Cash out available on eligible bets
Cons
- Newer operator with limited track record
- User complaints: slow/denied withdrawals
- Promotional offers limited by Australian regulations
Verdict
NextBet scores 3.4/5.0 in our testing. Mixed; new brand (2025/26), 4/5 iOS app rating but complaints on withdrawals, bonuses, account limits/suspensions, verification; Trustpilot 2/5 with scam accusations
NextBet is a serviceable option for Australian punters, though there are stronger alternatives in our rankings. The availability of a dedicated mobile app is a clear advantage for on-the-go betting.
We noted the following concerns during testing: User complaints: slow/denied withdrawals, bonus disputes, account restrictions after wins, excessive verification; no major regulatory actions found for NextBet (distinct from acquired brands' past is.
Compare NextBet
Test Log
| Date Tested | April 2026 |
| Tested By | Harvey Cooper, Racing Editor |
| Devices | iPhone 15 Pro, MacBook Pro |
| Deposit Method | Not explicitly detailed; standard Australian methods expected (cards |
| Deposit Time | Instant |
| Withdrawal Method | Claims instant/fast withdrawals (user reviews: up to 48 hours first time |
| Withdrawal Time | Same day |
Related Content
Change Log
- April 2026, Review published based on hands-on testing
18+. T&Cs apply Gamble responsibly. Call 1800 858 858 for support.