Horseracing: Betting

Department for Digital, Culture, Media and Sport written question – answered on 20th December 2018.

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Photo of Conor McGinn Conor McGinn Labour, St Helens North

To ask the Secretary of State for Digital, Culture, Media and Sport, what his Department’s policy is on horserace betting levy reform; and if he will make a statement.

Photo of Mims Davies Mims Davies Assistant Whip (HM Treasury), The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport

In April 2017, we made significant reforms to the Horserace Betting Levy by fixing the Levy rate at 10% and extending the scope of the Levy to include offshore online bookmakers for the first time. These reforms resulted in an extra £45m in statutory Levy income for 2017/18 to support the racing industry and we expect a similar uplift for 2018/19.

The uplift in income from the reformed Levy has contributed to record prize money of £142.5m in 2017/18 and has also provided increased funding for equine welfare, industry recruitment and training, and measures related to veterinary science and education.

We note the Parliamentary Scrutiny committees’ reports regarding proposed changes to the administration of the reformed Levy and will consider them carefully.

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