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British Racing Shuts Down for a Day Over Proposed Remote Betting Tax

The Treasury says no decision has been made pending the Nov. 26 budget.

Overview

  • Four fixtures at Carlisle, Uttoxeter, Lingfield and Kempton were canceled and rescheduled as jockeys, trainers and owners lobbied MPs in Westminster under the “Axe the Racing Tax” banner.
  • The government is consulting on consolidating remote gambling duties, which the industry says could lift the tax on online racing wagers from 15% to 21% to match online casinos.
  • BHA-commissioned analysis projects at least £66 million lost in the first year, up to £330 million over five years, and about 2,752 jobs at risk if rates are harmonised.
  • Industry figures warn higher taxes could push bettors to unregulated operators and cut net receipts, while IPPR analysis cited by media suggests harmonisation could raise about £3 billion.
  • Ministers state they are reviewing consultation responses and have not announced any change, with a final decision due in the government’s budget on Nov. 26.