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, only traditional, high-street bookmakers pay this levy. This amendment seeks to rectify this by extending the levy's reach to include online bookmakers.

Description

The amendment adds a new clause to the Gambling Act 2005, allowing the Secretary of State to create regulations requiring online bookmakers (those holding a "remote operating licence") to pay the Horserace Betting Levy. This levy, established under the Betting, Gaming and Lotteries Act 1963, is a financial contribution from bookmakers that supports the horse racing industry. The amendment grants the Secretary of State broad powers to create these regulations, including the ability to amend existing legislation as needed. Any new regulations must be approved by both Houses of Parliament before taking effect. The amendment explicitly states it does not prevent the implementation of existing legislation related to the levy and the Olympic Lottery.

Government Spending

The amendment is expected to increase government revenue, as it will bring in additional funds from online bookmakers into the Horserace Betting Levy. The exact financial impact is not specified in the bill itself, and would depend on the regulations created by the Secretary of State.

Groups Affected

• Online Bookmakers: Will likely face increased costs due to the additional levy payment.
• The Horse Racing Industry: Will benefit from increased funding through the Horserace Betting Levy, potentially leading to improved infrastructure and prize money.
• UK Government: Will receive increased revenue through the extended levy.
• Traditional Bookmakers: May experience some changes in market dynamics, although the overall impact is uncertain

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