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British horserace betting levy falls to £78m as betting profit declines

20th May 2019 6:29 am GMT

The UK’s Horserace Betting Levy Board (HBLB) has revealed that the expected Levy from betting operators for the 2018/19 financial year is likely to be significantly below its previous expectations as operators report fall in profit.

Based on provisional submissions from most Levy-paying operators, estimated levy income for the year ended 31 March 2019 is expected to be around £78m, compared to £95m in the previous year - the first year the levy was extended to [...]

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