A proposed increase in gambling taxes on online horse racing bets from 15% to 21% has raised significant concerns within the horse racing industry. Trainer Joe Tizzard described the changes as “scary,” warning that the sport, already under pressure, would struggle to cope with the reduced funding, which could cost the industry £66 million annually and lead to job losses. The British Horse Racing Authority and local businesses, including those supporting racecourses in Somerset, fear widespread negative impacts, prompting an industry-wide strike on 10 September to oppose the proposals.

In response, Treasury official Dan Tomlinson clarified that no tax increase on horserace betting has been announced and emphasized that horse racing currently benefits from a 100% tax break and a government-mandated levy. The government’s consultation aims to simplify and level the gambling tax system, with ongoing discussions to understand potential effects on the industry. Meanwhile, local MPs highlight the broader economic importance of horse racing to rural communities and associated businesses.