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The Levy

September 2020

  • Racing is struggling to make ends meet without crowds at the tracks.

    Riding to racing's rescue not easy for Priti Patel's brunch companions

    The current Levy system with an extension to cover bets on foreign racing is the only immediate lifeline in the Covid crisis

June 2019

  • A good week for Royal Ascot punters would not be good for racing’s finances.

    Why a bookie-bashing Royal Ascot may add to racing’s money misery

    A good week for punters at Royal Ascot would be bad news for racing after results at Cheltenham and the Grand National meeting left a £17m shortfall in the sport’s finances

June 2018

  • Payments from offshore bets placed online in the 2017/18 financial year is expected to exceed £90m.

    Talking Horses
    Talking Horses: Money rolling into racing from offshore betting

    Greg Wood: The success of the new regime in capturing bets from offshore bets placed online has exceeded expectations and the Levy will net over £90m

January 2017

  • David Williams of Ladbrokes has struck a conciliatory note over the new Levy replacement scheme announced last weekend.

    Horse racing and betting industries representatives pledge to work together

  • Nick Rust, chief executive of the British Horseracing Authority.

    Government announces long-awaited levy reform boost for racing

October 2013

  • Bookmakers

    Bookmakers volunteer extra £18m for racing in historic Levy deal

    Ground-breaking agreement with four bookmakers includes voluntary payments into an incentive fund

December 2012

  • clare balding

    Sportblog
    Clare Balding and Channel 4 Racing start fresh era on New Year's Day

    Greg Wood: Will the sport profit from Channel 4's £20m gamble to secure a monopoly on the terrestrial televising of racing?

July 2012

  • Betfair

    Betfair and British Horseracing Authority sign landmark funding deal

    The British Horseracing Authority has signed a landmark funding deal with the Betfair betting exchange that will guarantee the sport £40m over the next five years

September 2011

  • Greg Wood

    Racing the loser as Paul Roy links with William Hill to fight Betfair

    Greg Wood

    Greg Wood: There is no prospect of a happy outcome for the British Horseracing Authority as it joins William Hill in seeking a judicial review of how Betfair is treated for levy purposes

July 2011

  • Royal Ascot - Day Five

    Racing united in seeking 'betting right' payments from bookmakers

    The British Horseracing Authority has asked the government to require bookmakers to pay them for the right to take bets on racing

January 2011

  • Greg Wood

    Sportblog
    Racecourses must replace hobbyist owners at heart of funding system

    Greg Wood
    Greg Wood: Racing may be best served if its future funding comes from direct negotiation between racecourses and bookmakers

November 2010

  • Horse Racing - Cheltenham Festival 2009 - Day Three - Cheltenham Racecourse

    Claims five
    Claims Five: A strike? You've got to be kidding

    Chris Cook: Paul Dixon of the Racehorse Owners' Association says racing should inflict maximum harm on the bookmakers. There must be another way
  • Greg Wood

    Sportblog
    Why Paul Roy carries most blame for failure of levy negotiations

    Greg Wood
    Greg Wood: Paul Roy's position as chairman of racing's ruling body is untenable following the collapse of levy talks
  • Betting

    Jeremy Hunt lashes out at racing and bookmakers over failure to agree levy

    Jeremy Hunt, the culture secretary, expressed frustration with both sides in the failed levy negotiations

October 2010

  • Newmarket Races

    Trainers and owners search for a way out of the Levy deadlock

    Trainers at Newmarket said they had not been consulted about a strike over prize money and some openly doubted the wisdom of such a move
  • Plumpton

    Something's got to give, says Mark Tompkins as trainers plot strike

    Trainers and owners have been plotting strike action to try to prove that bookmakers cannot do without horse racing
    • Paul Dixon calls for strike to hit back at bookmakers over Levy monies

    • Bitter words exchanged in levy row between racing and bookmakers

    • Michael Howard says offshore bookmakers should be made to pay levy

September 2010

  • Ladbrokes

    Racing United launches to demand Levy cash is boosted

    Racing United launched by sport's leaders to demand Levy cash is boosted
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