![\"Racing](\"https:\/\/readwrite.com\/wp-content\/uploads\/2025\/07\/Racing-tax-could-cost-industry-442M-as-British-Horseracing-Authority-continues-petition-research-300x200.png\")
<\/div>\nThe British horseracing industry could suffer at least \u00a3330 million ($442 million) revenue loss in the first five years due to the proposed tax changes by the Government, according to new research.<\/p>\n
The British Horseracing Authority (BHA), which has been calling on the government to \u2018axe the racing tax\u2019, has shared research which has been published today (July 28).<\/p>\n
This comes as gambling reform has been a hot topic in the country, with a new plan suggesting the existing three-tax structure of online gambling duties should be replaced with a Remote Betting and Gaming Duty.<\/p>\n
If this were to go ahead, it would mean gambling tax on horseracing<\/a> would be the same rate as online casinos and slot games. It could rise to 21%.<\/p>\n According to the report<\/a>, there could be 2,752 jobs at risk. In Yorkshire alone, which is home to nine racecourses including Doncaster and York, it could see a \u201c\u00a337 million economic hit in the first five years, with 342 jobs immediately at risk in the first year – from trainers and stable staff to local pub owners and hospitality workers.\u201d<\/p>\n In a news release, the BHA has called the possible move “the gravest risk faced by horseracing in generations.”<\/p>\n — British Horseracing Authority (@BHAHorseracing) July 21, 2025<\/a><\/p>\n<\/blockquote>\n Brant Dunshea, CEO at the BHA, said: \u201cThe horseracing industry is already in a precarious financial position<\/a>, and the latest research provides a much more catastrophic forecast than we first thought.<\/p>\n \u201cWe\u2019re talking thousands of jobs at risk across the supply chain, severely impacted towns and communities, and the irreversible decline of the country\u2019s second most popular sport.\u201d<\/p>\n The BHA is calling for support in its aims to \u2018axe the racing tax,\u2019 with a public petition<\/a> launched. At the time of writing, the petition has 109 verified signatures.<\/p>\n David Menuisier, a racehorse trainer, has also commented on the possible changes: \u201cThis move from the Government would put thousands of trainers, owners, jockeys and stable staff at risk. Racing is much more than just a sport in this country.<\/p>\n \u201cIt brings fun and excitement to millions and is a major local employer, particularly here in West Sussex as we prepare for another fantastic year at Goodwood.<\/p>\n \u201cThe Government needs to acknowledge the unique and significant social and economic contributions the horseracing industry makes to the country and stop risking the ecosystem that keeps this sport alive.\u201d<\/p>\n Featured Image: Canva<\/i><\/b><\/p>\n The post Racing tax could cost industry $442M, as British Horseracing Authority continues petition – research<\/a> appeared first on ReadWrite<\/a>.<\/p>\n2,752 jobs at risk, warns British Horseracing Authority<\/span><\/h2>\n
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As the deadline for submissions to @hmtreasury<\/a>'s "Tax Treatment of Remote Gambling" consultation closes later today, a reminder of why it's so important to support the #AxeTheRacingTax<\/a> campaign ![\"\u2935\"](\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/2935.png\")
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