BRITISH horse racing benefitted from a staggering £455million contribution from the Betting and Gaming Council last year, new figures released show.
The sum – a record amount from members – was a result of media rights, levy and sponsorship deals for the sport in 2022.
Media rights themselves were up to an astonishing £340million in 2022, which was an increase of around £45million from the previous year.
While levy payments were short of £50million in 2016/17 and are estimated to be around £99million for 2022/23.
The Horseracing Levy, which is administered by the Horserace Betting Levy Board, goes towards improving the sport, breeding and boosting veterinary care.