July 4, 2019
Nicholas Cooper has called upon the industry to consider shifting the horse racing levy from the current gross profits system towards a betting turnover-focused system. As part of his speech at the Racehorse Owners Association’s (ROA) annual meeting in London, the ROA president said that a turnover-based levy would “provide a much truer reflection of racing’s continuing worth to the betting …
Read More »July 24, 2018
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 »January 30, 2018
A new study by the Thoroughbred Horseracing Industries MBA has found that the performance of female jockeys is similar to that of their male counterparts. The MBA, run by the University of Liverpool with funding from the British Horseracing Authority (BHA), Horserace Betting Levy Board (HBLB) and the Racing Foundation, has been utilising detailed analysis techniques on data covering a …
Read More »March 16, 2016
The UK Government will be applying for State Aid exemption to extend the horseracing betting levy to online bookmakers. The plans, revealed in today’s budget, show that rather than replacing the Levy Scheme, the DCMS is to attempt to alter it, following the line ploughed by the French authorities to introduce betting rights to sports. In a document responding to …
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