The government announced it will review in 2021 the Levy system three years ahead of schedule
The
British Horseracing Authority hailed what could be a major boost to the sport’s long-term funding on Tuesday evening after the government announced it will review in 2021 the Levy system, which returns money to racing from off-course betting, three years ahead of schedule.
An early review of the system, including a possible extension of Levy payments to cover races overseas, was a key step in the industry’s Covid-19 Recovery Plan, which was published in August. The plan aims to restore stability to racing’s income following huge losses in revenue due to the absence of significant crowds from British tracks since mid-March.