The government appears to have stalled on plans for Betting Levy reform that could generate millions in extra revenue
Hopes of an imminent boost to racing’s finances as it struggles to recover from the effects of the
Coronavirus pandemic appeared to recede on Thursday, after an apparent step back by the government from an early review of the sport’s funding system via the Betting Levy.
The sport is plotting a recovery from what seems sure to be well over a year with no spectators in attendance. Changes to the sport’s legal and financial frameworks are never swift or easy, but reform of the Levy – for instance, to include bets placed on races overseas – has been suggested as a potential source of between £30m and £40m a year in revenue.