The article critiques the over-regulation of the horse racing industry in Britain, highlighting the disconnect between government actions and their stated intentions. It portrays a scenario where unaccountable organizations and puritanical campaigners dictate spending habits, ignoring the economic contributions and cultural significance of horse racing, which attracts five million fans annually and supports 100,000 jobs.

Horse racing is depicted as a vital sector, contributing £4.1 billion to the economy and generating £300 million for the Treasury. The industry is characterized by its excellence, boasting top horses and trainers, yet it faces challenges due to stringent regulations that threaten its sustainability. The author emphasizes the importance of recognizing the trade-offs involved in regulation, particularly in light of the industry’s success.

The article also addresses the issue of problem gambling, arguing that it is not significantly higher in horse racing than in other forms of gambling, such as the National Lottery. The government’s focus on combating gambling addiction, primarily linked to online gaming, risks undermining the horse racing industry, which is already struggling with tight profit margins and a decline in thoroughbred breeding. The author calls for a reevaluation of how the sport is funded and regulated to ensure its survival.