HBLB

The Horserace Betting Levy Board (HBLB) published its 2023/24 Annual Report & Accounts on Tuesday. They revealed that the HBLB's statutory Levy income to the year ended Sunday, March 31 was £105m, the highest since the reforms of 2017 which added to the scope of the Levy non-retail bets placed in Great Britain with betting operators based overseas. This £105m surpassed the £100m in 2022/23 and was achieved against a backdrop of a further fall in betting turnover (amount staked) which, as in 2022/23, was mitigated by improved margins and...

Racing Together announced on Monday that its third annual Industry Day will be held at Nottingham Racecourse on Thursday, February 6, supported by the HBLB, the Racecourse Association and the Racing Foundation. Keynote speaker Baroness Dido Harding, senior Steward at the Jockey Club, will join contributors from the world of racing and beyond to discuss the value of racing and the impact of community engagement. The day includes welcome refreshments and lunch, while attendees will also have the opportunity to meet a very special retired racehorse as part of the...

At the time, one doesn't know if a minor skirmish will turn out to have been the opening salvo in a protracted war or merely a here-today-gone-tomorrow storm in a tea-cup. Regarding British racing's latest contretemps, we can only guess what will follow; but it is likely that the unexpected decision by Flutter (the parent company of several major bookmaking firms including Paddy Power and Sky Bet) not to take bets on Wednesday's meeting at Bath is merely the start of a major shake-up of the sport's finances. Flutter's decision...

GBBPLUS, an extension of the Great British Bonus, will reward owners and breeders with two new separate initiatives tackling the current challenges facing Flat and National Hunt racing. The latest incentive initiatives will kick off Jan. 1, 2025. "GBB was an important incentive and intervention step to encourage the breeding, buying, and racing of fillies," the Thoroughbred Breeders Association Chairman Philip Newton said. "Its success now gives us confidence that we can influence behaviour in two other areas of the racing programme: the vital retention of stamina within the thoroughbred...

A total of £2.3 million will be invested on disease surveillance, veterinary science and education programming by the Horserace Betting Levy Board (HBLB) beginning in 2024. In addition to the ongoing Infectious Disease Surveillance Programme, the new activity will include: six major research projects four small research projects one research scholarship. All of the work will be managed by the HBLB's Veterinary Advisory Committee (VAC). Making contributions alongside the HBLB are the British European Breeders' Fund (BEBF), the Gerald Leigh Charitable Trust, The Racing Foundation and the Thoroughbred Breeders' Association...

If you follow Alan Delmonte on Twitter or X, or whatever they call it these days, you will know him for his offbeat sense of humour. But as chief executive of the Horserace Betting Levy Board (HBLB) for the past 11 years, he has one of the most serious jobs in British racing, overseeing the distribution of around £100m a year. Delmonte is, to some extent, the sport's Chancellor of the Exchequer, but there is an awful lot of important work going on behind the scenes at the Levy Board that make...

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 third annual National Racehorse Week, from Sept. 9-17 in the UK, has been deemed a success after a record number of open days and community events, Great British Racing (GBR), who funds the initiative alongside the Racing Foundation and Horserace Betting Levy Board (HBLB), announced on Tuesday. Over 15,000 free places were made available across the seven days across the country for the public to come and experience a day in the life of a racehorse. From training facilities and studs, to aftercare and rehoming centres, 209 different events...

Over £10 million in bonuses have now been paid out by the Great British Bonus (GBB) scheme, the organisation announced on Friday. Started three years previously, the scheme incentivises and rewards the breeding, buying and racing of British-bred fillies by awarding bonuses of up to £20,000 per race. GBB Operations Executive, Charlie Newton said, "We are thrilled to have reached this record milestone. The scheme arrived at a time when it was desperately needed. Not only were we feeling the impact of Covid-19 and Brexit, but the breeding industry had...

The third Economic Impact Study of the British Thoroughbred breeding industry was published on Wednesday. In the report, key opportunities and challenges for the sector were outlined and provide a blueprint for future progress. Building on reports published in 2014 and 2018, the study was commissioned by the Thoroughbred Breeders' Association (TBA) and conducted by PwC. Both the Racing Foundation and Horseracing Betting Levy Board (HBLB) funded the project. British breeding was found to have an impact of over £375m of gross value added to the rural economy, as well...

A third UK Thoroughbred industry economic impact study began on Friday, following confirmation of funding support from the Horserace Betting Levy Board (HBLB). The third study of its kind was commissioned by the Thoroughbred Breeders' Association (TBA), with additional financial support from the Racing Foundation, and will provide an up-to-date audit of the British market, analysing the impact of wider economic and political factors to identify emerging challenges and opportunities. PwC has been appointed to conduct the study. The wider racing ecosystem will also be explored in the study, including...

There will be an increase in prize money contributed by the Horseracing Betting Levy Board (HBLB) in 2022. Fixture-related funding will increase to £90 million for UK racing's 2022 fixture list, with £70 million specifically allotted for prize money, £10 million more than was set aside for that purpose in both 2018 and 2019. These sums do not include the additional grants for prize money and towards regulation and integrity already announced following the HBLB taking a £21.5 million loan from the UK Government's Sport Winter Survival Package. The HBLB...