Question to the Department for Digital, Culture, Media & Sport:
To ask Her Majesty’s Government whether the current annual arrangements for setting the Horseracing Betting Levy will continue under the proposed new funding arrangements, or will be extended beyond twelve months.
Currently the levy rate is agreed each year by the Horserace Betting Levy Board.
Under the new model the level of contribution from betting to racing will be set by Government. We will take into account various findings when considering the rate and its duration, including the independent economic analysis that we commissioned last year. We will hold discussions with both industries before reaching decisions on these issues.