Horse Racing: Betting
The question
To ask the Secretary of State for Culture, Media and Sport, whether she plans to intervene in negotiations on the Horserace Betting Levy to (a) increase the rate to 11.5% and (b) include overseas races within the scope of that levy.
Answered by Stephanie Peacock
The Horserace Betting Levy is vital for the financial sustainability of horseracing.
The Government believes a voluntary deal is the fastest path towards delivering appropriate funding for the sport.
We continue to encourage the betting and racing industry to resume negotiations and reach a new agreement in the best interests of horseracing.
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