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No timetable has been set for introducing legislation to bring in a new Horserace Betting Right. Draft legislation will be developed following a thorough economic analysis and discussions with the Competition and Markets Authority, HMRC and others.
The Horserace Betting Right will apply to all bookmakers, wherever located, who take bets from British customers on British racing and provides a modern and sustainable future for the funding of racing.
The flagship race at York Racecourse, the Group 1 Juddmonte International, has recently been confirmed as the best race in the world by the International Federation of Horseracing Authorities. The Horserace Betting Right will allow York Racecourse, and every racecourse across Britain, to build upon current successes and continue to offer a great experience for racegoers.