Sportsbook

UK government to review horseracing betting levy next year

Friday 11 de December 2020 / 03:52

⏱ 1 min read

(UK).-Earlier this week, it was announced that the UK government will have an early review of the Horserace Betting Levy. The news was well-received by the British Horseracing Authority (BHA) as the racing industry was working on a recovery plan to overcome the huge losses that came as a result of the COVID-19 pandemic.

UK government to review horseracing betting levy next year

The last time the levy was reformed was in 2017 when it extended to offshore bookmakers that offer bets on British racing. Although the next review was scheduled for 2024, the government announced that it will have an earlier review of the way the sport is funded in 2021.

After the racing industry published its Recovery Plan in August, BHA’s Chair, Annamarie Phelps, and Chief Executive, Nick Rust, had a meeting with the Minister of Sports.

They required an earlier examination of the Horseracing Betting Levy, which is currently ensuring a 10% return on the profits that bookmakers generated thanks to racing bets.

Categoría:Sportsbook

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País: United Kingdom