Levy yield

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...

Approximately £80 million will be the Levy income for the year that ended on Mar. 31, 2021, the Horserace Betting Levy Board announced on Monday. The figure is a result of provisional submissions to date from most Levy-paying bookmakers. Originally, as the COVID-19 pandemic progressed in the UK, the HBLB had estimated a Levy return between £76-£85 million. Racing in the UK was halted from mid-March until June 1, 2020. HBLB Chairman Paul Darling commented, "There was no British racing for the first two months of the Levy year and...