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Horserace Betting Levy Board

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Title: Horserace Betting Levy Board  
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Horserace Betting Levy Board

The Horserace Betting Levy Board (HBLB), commonly abbreviated to the Levy Board, is a non-departmental public body of the Department for Culture, Media and Sport in the United Kingdom. It is a statutory body established by the Betting Levy Act 1961 and is now operating in accordance with the provisions of the Betting, Gaming and Lotteries Act 1963 (as amended). Unlike some other non-departmental public bodies, the Levy Board receives no central Government grant-in-aid and no National Lottery funding. Instead, it is required by the Act to collect a statutory levy from the horseracing business of bookmakers and the Tote successor company which it then distributes for the improvement of horseracing and breeds of horses and for the advancement of veterinary science and education.[1]

The largest share of the levy is spent on race prize money, but it also provides funding for raceday services on racecourses, integrity services, industry training and education, loans to racecourses for capital projects and veterinary science.[2]

References

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External links

  • Horserace Betting Levy Board


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