Betting and Gaming Industry and Racing: Economic Contribution

Part of Digital, Culture, Media and Sport – in the House of Commons at on 7 July 2022.

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Photo of Nigel Huddleston Nigel Huddleston The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport

In 2019, the last full year of gambling data unaffected by covid, the gambling industry contributed £8.3 billion to the economy, or 0.4% of gross value added. The sector employs approximately 98,000 people and pays £2 billion a year in gambling duties. According to the British Horseracing Authority, racing has direct revenues in excess of £1.47 billion and makes a total annual contribution to the UK economy of over £4 billion.