UK racing’s demand that bookmakers pay £150 million a year into the horseracing levy is a bit rich. As the linked article explains, racing is no longer the main meal on the bookies menu anymore, so it has no right to take a cut from the other services betting shops provide, such as their Fixed Odds Betting Terminals. But that doesn’t mean that the sport of kings is bound for the knackers yard – or that there aren’t loopholes that can’t be closed to benefit racing, like banning offshore operators from advertising their businesses in Britain. Read more.
Horseracing can gain from closure of law loopholes
