Levy

Levy income to the Horserace Betting Levy Board (HBLB) for the year ended March 31, 2026 is projected to be around £110 million. If confirmed, this would represent the highest total since the Levy collection reforms of 2017/18, marginally surpassing the 2024/25 figure of £109 million. The expected total is based on provisional end-of-year submissions received from the majority of Levy-paying bookmakers, which are currently undergoing HBLB's standard validation processes. Throughout the year, HBLB considered that, based on evidence to date and forecasting the rest of the year, the most...

The Jockey Club, the largest commercial group in British horseracing, has agreed an exclusive new 20-year deal with Levy, the sports and entertainment division of Compass Group UK & Ireland. The partnership will enable The Jockey Club to make a capital investment of £100 million to revolutionise the spectator experience across its UK racecourses, funded by a payment from Compass as part of the new deal. The Jockey Club's investment plans include a significant revamp of the main entrance to Epsom Downs Racecourse, home to the Betfred Derby Festival. A...

The Horserace Betting Levy Board (HBLB) has allocated an extra £4.4 million to prize-money for 2026 compared to this year, following a further increase in the Levy yield to just shy of £109 million - the highest since the 2017 reforms that extended the scope of the Levy to overseas betting operators. Details of the statutory Levy - which climbed to £108.9 million, up from £105.3 million the previous year - were released on Wednesday as the HBLB published its 2024/25 Annual Report and Accounts. This increase came despite a third consecutive year...

The Horserace Betting Levy Board (HBLB) published its 2023/24 Annual Report & Accounts on Tuesday. They revealed that the HBLB's statutory Levy income to the year ended Sunday, March 31 was £105m, the highest since the reforms of 2017 which added to the scope of the Levy non-retail bets placed in Great Britain with betting operators based overseas. This £105m surpassed the £100m in 2022/23 and was achieved against a backdrop of a further fall in betting turnover (amount staked) which, as in 2022/23, was mitigated by improved margins and...

Approximately £80 million will be the Levy income for the year that ended on Mar. 31, 2021, the Horserace Betting Levy Board announced on Monday. The figure is a result of provisional submissions to date from most Levy-paying bookmakers. Originally, as the COVID-19 pandemic progressed in the UK, the HBLB had estimated a Levy return between £76-£85 million. Racing in the UK was halted from mid-March until June 1, 2020. HBLB Chairman Paul Darling commented, "There was no British racing for the first two months of the Levy year and...

Levy has been selected as the food-and-beverage provider at Belmont Park and Saratoga Race Course by The New York Racing Association Inc. Levy will begin servicing Belmont with the opening of the spring meet Apr. 24, as part of a multi-year agreement. Following the conclusion of the spring meet July 12, live racing shifts to Saratoga Race Course July 16, and Levy will manage all concessions and hospitality areas, including the 1863 Club, The Stretch, Turf Terrace, Club Terrace, The Porch and Easy Goer. Levy will manage a hospitality team...