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newsbetting and gaming council makes record levy contribution to horseracing betting

Betting And Gaming Council Makes Record Levy Contribution To Horseracing Betting

We independently review betting sites. Sign-ups through our links may earn us a commission at no extra cost to you, this never influences our listings’ order.

The Betting & Gaming Council is expected to contribute over £105million in payments to the horse racing levy board, with last years figure setting a new record high.

Betting & Gaming Council Makes Record Contribution

Members of the Betting and Gaming Council made a record contribution in levy payments last year, as the £105million paid in 2023 exceeded the previous best of £100m paid in 2022.

The horse racing betting levy board was able to increase its prize fund for 2024 by £3.2m as a result of the payment from the BGC – with £70.5m now up for grabs.

CEO of the Betting & Gaming Council, Michael Dugher stated: “This record contribution to the Levy is extremely welcome news and demonstrates once again the enduring, mission critical support regulated betting provides British horseracing.

“Despite a double digit decline in horserace betting turnover over the past five years – and a double digit decline in racecourse attendances – this shows that levy contributions and prize money are both up, and it once again provides a timely reminder that racing could not survive without the record financial support that is flowing from betting,” he added.

“Our members remain committed to the long-term success of horseracing, and the huge economic contribution it makes across the country, especially in rural communities.

“Attention must now turn to how we challenge vested interests, introduce real change and reform the sport, ensuring we reverse the current decline and provide racing with a genuinely long term sustainable future.”

Horse racing demand has slowed over the last few years, however it still remains the second biggest spectator sport in the UK only second to football.

It has been reported that Betting & Gaming Council members already contribute approximately £350m per year in levy to British horseracing.

Olly Taliku
Olly Taliku
Olly Taliku

Olly Taliku has worked with highly respected sports and gambling websites where he has produced hundreds of articles, as well as being published with Burton Albion and Chesterfield FC. At Burton Olly worked closely alongside the women's team, producing mainly matchday content including reports and interviews, while at Chesterfield he worked in a similar role but with the academy side, as well as some first team content. He also has experience as an accredited Premier League and EFL writer for Prost International where he worked during the 2021/22 season to produce matchday content as an on location reporter. Olly specialises in football as well as long form SEO content plus news, tips and betting but also produces content on basketball, baseball and American football.

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