Horserace Betting Levy Board expects record £108 million for 2024-25
The Horserace Betting Levy Board expects levy receipts of £108 million for the year ended 31 March 2025, although the figures remain subject to validation. It said lower betting turnover was offset by bookmakers’ higher gross profits in February and March, with Cheltenham Festival results a material factor; average turnover per race fell 8%.
The expected levy total informs British racing’s funding outlook while lower turnover may affect the board’s future spending decisions.