The UK government has launched a third and final consultation to seek views on a bespoke statutory framework that could replace the Horserace Betting Levy with a racing right.

It builds on two previous consultations on Levy reform or replacement conducted in 2014, and follows a commitment from UK Chancellor George Osborne to consult on a racing right in last December’s budget statement.

“This consultation, on the potential structure and operation of a Horserace Betting Right, fulfils that commitment and completes a suite of three linked consultation documents on the Horserace Betting Levy and its potential replacement,” said Minister for Sports and Tourism Helen Grant MP.

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