Improvement of Horseracing

HBLB is an important contributor to the finances of the British horseracing industry. Some 90% of Levy income annually is applied to the improvement of horseracing. This expenditure is directed principally to prize money, with other payments made directly to racecourses as a contribution towards raceday services costs, such as for regulation and integrity, and as an incentive to stage fixtures at certain times of the year that are relatively unattractive for racegoers but beneficial for off-course betting and therefore Levy generation.

In addition, HBLB makes a significant contribution to non-fixture related areas, in 2020 likely to total circa £7m. This includes the Industry Recruitment, Training and Retention Strategy, Sectional Timing, Betting Industry Partnership, Industry Ownership Strategy, Retraining Of Racehorses (ROR), Point to Pointing, Racing To School and the Equine Welfare Board.

 

Last Updated: 05 March 2020