The Government recognises the significant contribution that racing makes to British sporting culture and its particular importance to the British rural economy.

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 Horserace Betting Levy to include offshore online bookmakers for the first time. These reforms resulted in Levy income to support the racing industry totalling £83 million in 2018/19. In 2018/19 the Levy returned £83 million and in 2019/20 the Levy returned £97 million to racing. Even with the suspension of racing for a period due to covid the Levy returned £82 million in 2021/22 and then £97 million in 2021/22.

The Government is committed to review the Horserace Betting Levy by 2024. The department engages regularly with racing stakeholders including the British Horseracing Authority and we will consider carefully any information they provide. The Government will continue to work with the industry and the Levy Board to make sure the benefits of the Horserace Betting Levy are maximised.

The Sports Economy team within the Department for International Trade (DIT) are actively engaging with the British horse racing industry to discuss their target markets internationally and how they can be supported in these regions. DIT is also working closely with the industry on the best way of attracting international investors into the British thoroughbred market and opportunities in the form of trade missions surrounding major international meetings with a strong UK presence.

British horseracing and breeding is promoted as part of the GREAT Britain & Northern Ireland campaign, showcasing the best of the UK in over 164 countries across the globe. This recognises the cultural and economic importance of horse racing to the UK and the role it plays as a soft power asset for the country internationally.

The Government recognises the significant contribution that racing makes to British sporting culture and its particular importance to the British rural economy.

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 Horserace Betting Levy to include offshore online bookmakers for the first time. These reforms resulted in Levy income to support the racing industry totalling £83 million in 2018/19. In 2018/19 the Levy returned £83 million and in 2019/20 the Levy returned £97 million to racing. Even with the suspension of racing for a period due to covid the Levy returned £82 million in 2021/22 and then £97 million in 2021/22.

The Government is committed to review the Horserace Betting Levy by 2024. The department engages regularly with racing stakeholders including the British Horseracing Authority and we will consider carefully any information they provide. The Government will continue to work with the industry and the Levy Board to make sure the benefits of the Horserace Betting Levy are maximised.

The Sports Economy team within the Department for International Trade (DIT) are actively engaging with the British horse racing industry to discuss their target markets internationally and how they can be supported in these regions. DIT is also working closely with the industry on the best way of attracting international investors into the British thoroughbred market and opportunities in the form of trade missions surrounding major international meetings with a strong UK presence.

British horseracing and breeding is promoted as part of the GREAT Britain & Northern Ireland campaign, showcasing the best of the UK in over 164 countries across the globe. This recognises the cultural and economic importance of horse racing to the UK and the role it plays as a soft power asset for the country internationally.

The Government’s Review of the Gambling Act called for evidence on how best to recoup the regulatory and societal costs of problem gambling. We will publish a white paper in the coming weeks.