Britain’s horse racing industry ground to a halt on Wednesday, September 10, as Carlisle, Kempton, Uttoxeter, and Lingfield races were canceled as part of a protest against betting tax reforms. Owners, trainers, and jockeys gathered in Westminster to warn that merging online betting duties into one bucket will jeopardize the sector, which currently generates £4.1 billion and employs 85,000. The proposed hike will increase duties from 15% to 21%.
The British Horseracing Authority (BHA) argues the change ignores racing’s unique ecosystem, where bookmakers already contribute 10% of racing-related profits through a statutory levy. The authority projects a £330 million revenue loss within five years, risking 2,572 jobs as operators offset taxes through cost-cutting measures. It warns “ [the tax hike] would cost the sport £66m, or worst-case scenario £160m, and put around 2,700 jobs at risk in year one.”