Tag Archives: paul lee

Horseracing prize money facing cuts as levy drops £17m

British horseracing stakeholders have had to urgently initiate a plan of action following the recent Horserace Betting Levy Board’s (HBLB) announcement that estimated Levy income for the year ended 31st March 2019 will be some £78m, a fall of £17m from last year. News of the fall in yield were presented to racing’s HBLB representatives, Andy Clifton from the Racecourse …

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Revamped levy system boosts British racing in 2017/18 report

Brighton Racecourse

Reforms implemented by the government to the levy system have generated positive returns for racing stakeholders, as the UK Department for Digital, Culture, Media & Sport (DCMS) published The Horserace Betting Levy Board (HBLB) annual report & accounts 2017-18. Coming into force in April of this year, the new levy forced all UK licensed bookies, whether that be land-based or …

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Racing Levy Board agrees Levy Scheme for 2015/16

The Horserace Betting Levy Board members have approved unanimously the Recommendations from the Bookmakers’ Committee for the terms of the 54th Levy Scheme (1st April 2015 to 31st March 2016). The Bookmakers’ Committee’s estimate of 54th Levy Scheme yield, added to Betfair’s estimated £7.8m contribution, is £74.3m. The Bookmakers’ Committee estimates that the current (53rd) Levy Scheme in 2014/15, inclusive of …

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