Horse racing represents the second-biggest sport in the UK, with an annual contribution of about £4.1 billion to the economy, despite recent challenges like declining attendance.
The horseracing industry employs approximately 88,000 people, playing a vital role in rural economies and heavily relying on the betting levy to fund race prizes and industry expenses.
Betting is intricately tied to horse racing's culture; it generates necessary income for training, welfare programs, and sustains the entire horse racing ecosystem.
In the 2021-2022 fiscal year, the horserace betting levy increased to £97.6 million, showcasing the industry's recovery and the growing importance of betting in funding vital industry needs.
Collection
[
|
...
]