AN ECONOMIC ANALYSIS OF THE FUNDING OF HORSERACING

The government has announced that it will bring forward legislative proposals to replace the current Horserace Betting Levy with a new Horserace Betting Right. This will ensure both British based and offshore gambling operators taking bets on British racing contribute to its costs. In order to ensure the new Right complies with European law, a detailed economic analysis of the funding of horseracing by the betting industry is needed. Therefore the Department for Culture, Media and Sport (DCMS) invited tenders for a...