BGC estimates £500m will reach UK black-market betting during National Hunt season
The Betting and Gaming Council estimates that £500m will be wagered with illegal operators during the UK National Hunt season, which runs from October to April. It expects £10m to be bet through those operators during the three-day Cheltenham November Meeting this weekend, ahead of Safer Gambling Week.
The estimate highlights potential lost tax and racing-related contributions from betting outside licensed operators.