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British bookmakers agree £75.7m horseracing Levy

25th October 2013 9:30 am GMT

Britain's four largest bookmakers, together with betting exchange operator Betfair, have reached an agreement that will see them contribute £75.7m to British horseracing.

The 53rd Levy Scheme, which covers the twelve-month period beginning April 1st 2014, will see William Hill, Ladbrokes, Coral and Betfred pay 10.75 per cent of gross profits from British horseracing to the industry, together with a combined additional voluntary contribution of £4.5m per year over four years into [...]

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