Overview

This amendment to the Gambling (Licensing and Advertising) Bill aims to ensure that online bookmakers contribute to the Horserace Betting Levy, a fund supporting horse racing in the UK. Currently, the levy only applies to traditional, in-person bookmakers. This amendment seeks to extend this levy to online bookmakers through regulations created by the Secretary of State.

Description

This amendment inserts a new clause into the Gambling (Licensing and Advertising) Bill. The key aspect is to bring online bookmakers under the remit of the Horserace Betting Levy, established under the Betting, Gaming and Lotteries Act 1963. The Secretary of State will have the power to create regulations that will achieve this through statutory instruments. These regulations will be subject to parliamentary approval. The amendment also includes provisions for flexibility in how these regulations are implemented, allowing for discretion and modification of existing legislation. Importantly, the amendment doesn't prevent the implementation of other relevant acts relating to horserace betting and the Olympic Lottery.

Government Spending

The amendment is expected to increase government revenue through the collection of the Horserace Betting Levy from online bookmakers. The exact amount is not specified in the amendment itself and would depend on the regulations created by the Secretary of State and the subsequent collections.

Groups Affected

• Online Bookmakers: Will likely face increased costs due to the additional levy.
• The Horse Racing Industry: Will potentially benefit from increased funding through the levy, supporting the continued viability of the sport.
• Parliament: Will have the opportunity to approve or reject the regulations created by the Secretary of State.
• Government: Will be responsible for creating the regulations and collecting the levy.

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