The British Horseracing Authority (BHA) has reacted positively to the recent announcement by Sports Minister Nigel Huddleston that the government will re-evaluate the timetable for reviewing the betting levy. Originally scheduled for 2024, racing’s Levy review has been brought forward to next year. The levy is a significant source of income for the horseracing industry, as it returns 10% of …
Read More »Tag Archives: Sports Minister
Revamped levy system boosts British racing in 2017/18 report
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 …
Read More »