Britain’s horse racing industry is set to halt all activities on September 10 in protest against a proposed government tax increase on remote betting, which would rise from 15% to 21%. This tax harmonization aims to align betting duties with those of online casinos, but the industry warns it could result in a £330 million loss over five years, endangering jobs and the financial stability of racecourses, especially smaller venues.
James Sanderson, CEO of Catterick Racecourse, highlighted the severe impact on smaller racecourses, while the Betting and Gaming Council criticized the strike, cautioning that it could negatively affect not only horse racing but also other sports dependent on betting operator funding. The protest marks a historic unified stand by jockeys, trainers, and racecourses against the government’s plans.