Horseracing Betting Levy Board

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...

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...

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...