Horse Racing

Opened the debate

The Member of Parliament thanked Mr Speaker for the debate and highlighted the importance of horse racing to communities in his constituency and across the UK, praising the sport's economic impact and employment opportunities. He noted that before the pandemic, over 5 million people attended racecourses annually, generating significant revenue and employing approximately 80,000 individuals directly or indirectly. The MP acknowledged the need to address gambling-related harm but argued for a symbiotic relationship between horse racing and gambling, emphasising the importance of safeguarding this industry from international competition and the potential economic fallout if action is not taken.

Government Response

The Minister acknowledged the significant contribution of horse racing to the UK economy and its role in soft power, highlighting that it is worth over £4 billion annually. He noted the support provided during the pandemic, including £28 million in cash flow and hardship support, as well as additional measures through the sport winter survival package. The Minister expressed willingness to review the horserace betting levy if there is a compelling case for doing so before 2024, when the next scheduled review was due. He emphasised that any changes would need to be evidence-based and aligned with the original purpose of the levy.