Directors of leading racecourses in the UK opposed equal taxes across all forms of gambling at the Social Market Foundation (SMF) think tank. The meeting was also attended by officials from the Treasury, MPs, and the British Horseracing Authority.
Online Casinos Must Pay Higher Taxes, Say Horse Racing Leaders face a 21% levy.Leader in online casinos, pauper in horse racing
Speaking after the event, Martin Cruddace, chief executive of Arena Racing Company, which owns courses including Doncaster and Chepstow, said: “It is imperative that British horse racing continues to make the clear case that betting on its sport is taxed and regulated differently from online casino and arcade games and even other sports.
“Any harmonisation of tax between online casino and horse-race betting would have the consequence, however unintended, of Britain being a world leader in online casino and a world pauper in the global sport of horse racing.”
At the current rate, tax contributions from horse racing have been declining. The industry contributed about £100 million, down from a peak of £115 million. Online casinos, meanwhile, have been thriving and generated £4 billion in revenue in 2024. Slots and casino games account for roughly 75% of the overall gambling industry in the UK.
Online Casinos Must Pay Higher Taxes, Say Horse Racing Leaders in land-based casinos, which could increase the use of online games. Online Casinos Must Pay Higher Taxes, Say Horse Racing LeadersBGC plays down any rift
Online Casinos Must Pay Higher Taxes, Say Horse Racing Leaders Online Casinos Must Pay Higher Taxes, Say Horse Racing Leaders Online Casinos Must Pay Higher Taxes, Say Horse Racing Leaders, rates tend to be higher for the latter. In Pennsylvania, for example, slots are taxed at 54% while sports betting is taxed at 34%. Michigan and West Virginia also have higher rates for casino gaming. Spain, however, has a uniform 20% tax rate for all forms of gambling.
Adam is an experienced writer with years of experience in the gambling industry. He has worked as a content writer and editor for five years on sites such as Oddschecker, CoinTelegraph and Gambling Industry News, bringing excellent knowledge of the world of sports betting and online gambling. Adam focuses on emerging stories in the ever changing landscape of betting in the US. Read the latest on prediction markets, changing legislation, and sweepstakes.
