Today, the UK racing industry made history by halting all races at Lingfield, Carlisle, Uttoxeter, and Kempton as part of the #AxeTheRacingTax campaign led by the British Horseracing Authority (BHA). The government plans to raise the betting tax to 21%, matching rates for online casino games. Consequently, the racing community united to oppose the tax hike.
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Join Now Impact on the Racing Industry
This strike highlights a real threat: thousands of jobs and key investments risk disappearing. Economic studies predict a £330 million loss over five years and more than 2,700 job cuts in the first year if the tax rises. Moreover, the BHA stresses the special role racing plays in communities. Unlike online casinos, racing already pays an extra levy that funds the sport.
Industry and Political Response
However, the move caused friction with betting firms and the Betting and Gaming Council, who criticize the lack of consultation. They warn that higher taxes might push bettors toward unsafe, unregulated markets. Still, many parliamentarians support treating racing differently in tax laws.
For more updates on gambling regulations, check the full coverage at iGaming News.
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