Annual Report

The Horserace Betting Levy Board's (HBLB) 2022/23 Annual Report outlined that statutory Levy income to the Board was £100 million, the highest since the Levy collection reforms of 2017. The last two months of Apr. 1, 2022 through Mar. 31, 2023 term saw bookmakers' gross profits increasing significantly on the Board's projections taking into account the actual results to that point and historic comparisons. Over the 12-month period, the Board reports of a continuing decline in turnover (amount staked) which was being partially mitigated by improved margins and gross win...

The 2018/2019 Horserace Betting Levy Board (HLBL)'s annual report was released on Tuesday. HBLB Chairman Paul Lee, whose 10 1/2-year term ended on Mar. 31, noted the following: the UK government continues to work with the HBLB and other facets of the industry to maximise the benefit of changes made to the Levy in 2017, including primarily the capture of Levy income from bets placed by British-based customers with bookmakers outside Britain; the Levy income was adjusted from £78 million to £83 million after an agreement between the HBLB and...

Heider Family Stables secured the second of back-to-back pricey Tapits Monday when he scooped up hip 82 for $950,000. The half-sister to Grade II-winning juvenile Annual Report (Harlan's Holiday) was consigned by Gainesway, Agent V. Gainesway also bred the Mar. 14 foal. The sale came just one hip after West Point Thoroughbreds paid $1 million for a son of the Gainesway stalwart.