#RacingIndustry

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UK horse racing betting tax hits record £108 million, despite continued decline in betting amounts.

Despite the continuous decline in horse racing betting turnover, the Horserace Betting Levy Board (HBLB) in the UK expects to receive a record £108 million in taxes for the fiscal year 2024-25. This revenue comes from betting companies with gross profits over £500,000, taxed at 10%, and is used to s

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Queensland launches major review of racing industry

The government said the review will aim to ensure a sustainable industry across all three racing codes.Australia.- The government of Queensland has initiated a review of its racing industry by publishing a discussion paper that invites feedback from all stakeholders. The government says the review w

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