PARLIAMENTARY WRITTEN QUESTION
Horse Racing: Betting (29 February 2016)
Question Asked
To ask the Secretary of State for Culture, Media and Sport, what progress he has made on replacing the current horserace betting levy.
Asked by:
Bob Blackman (Conservative)
Asked by:
Bob Blackman (Conservative)
Answer
Our aim is to introduce new funding arrangements for British racing by April 2017.
We will create a level playing field for British based and offshore gambling operators, and ensure a fair return from all bookmakers to racing, which has been lost simply because of the shift to remote offshore betting.
Racing will be responsible for making decisions on spending the new fund. We will make a further announcement shortly.
Answered by:
Sir David Evennett (Conservative)
3 March 2016
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