The narrative has been set for a few years and various governments have viewed the sport as ‘dodgy’ as you put it.
It used to make me mad, now I’ve found avenues to get on I just ignore the moral position of funding, that’s not to say I don’t care about the sports future but it’s bookmakers who have created the mess and governments/regulator allowed the chaos to unfold, all very sad but nothing is changing any time soon….
I agree Ista…sad, but disagree that nothing is changing anytime soon
Change is coming and unfortunately all bad IMO
Betting shop numbers I believe directly correlate to the amount of Media Rights payments bookmakers pay to racecourses. Major operators have recently confirmed large numbers to close and I suspect there will be more, as the tax increases to machines kick in and affordability checks become statutory.
Media rights payments are in part used towards prize money and will be reducing now, even before the next negotiation phase, where bookmakers will expect to pay less per shop and online due to the decline in horse racing turnover
Levy payments will decline as customers refuse intrusive affordability checks and financial risk assessments recently agreed by the GC (these are different from affordability checks and are in addition to), both in shop and online.
Most of the Levy goes into prize money
The Racecourses are a law unto themselves and will reduce prize money to maintain their margins, when media and levy payments inevitably reduce
Prize money directly impacts horse owners level of subsidy for a sport they love/enjoy…..bigger losses on their annual P&L!……less owners resulting in less horses in training?….. maybe more detrimental to Nat Hunt than flat?
Bookmaker total £’s to horse racing will reduce and sponsorships be withdrawn as contracts come up for renewal. Football is their main product nowadays and costs nothing in terms of Levy or Media Rights etc…….ironically the customer pays directly for the media rights, through home/pub subscriptions !
We know now clearly how Government perceive Betting and cannot expect any support, if anything the contrary with more regulation and higher taxes.
The only light could be with the outcomes from the Jockey Club and Ascot removing themselves by the end of this year from the RCA (which is meant to represent all racecourses) and how the sport operates as a result of this change……also a new BHA boss…...i suspect that there will be a lot of noise over the next year, which ultimately is about control and money.
What we do know is that the current level of declining income cannot support the current level of fixtures or number of racecourses, so expect change and more noise as we go through the process.
Boring industry stuff…..but reality and something thats happening now and IMO threatens a sport FJ’s enjoy
Roll on Nat Hunt season 2026/2027
