New Posts For Thread: tax rate on racing 15% to 21% = £40 millionhttps://community.betfair.com/horse_racing/go/thread/view/94102/31878273/tax-rate-on-racing-15-to-21-40-millionaccording to RP. Not very much then. "Bookmakers would also increase their margins on racing to pay for the new tax, offering worse odds, withdrawing promotions and tightening restrictions on successful punters." How exactly would they offerCould actually be a boost to exchanges. If bookies reduce their odds the odds stay the same on here.https://community.betfair.com/horse_racing/go/thread/view/94102/31878273/tax-rate-on-racing-15-to-21-40-million?post_id=564825965#564825965Could actually be a boost to exchanges. If bookies reduce their odds the odds stay the same on here.Thu, 03 Jul 2025 05:13:54 -0500yeah it's not just racing I take it. All online sports betting at 21%.https://community.betfair.com/horse_racing/go/thread/view/94102/31878273/tax-rate-on-racing-15-to-21-40-million?post_id=564825961#564825961yeah it's not just racing I take it. All online sports betting at 21%.Thu, 03 Jul 2025 05:11:09 -0500I'd be surprised if it isn't at least 25% given treasury needs at the moment, and gambling would be very easy game. It doesn't mention the total predicted gain to the treasury for all betting though, at each of those proposed levels.https://community.betfair.com/horse_racing/go/thread/view/94102/31878273/tax-rate-on-racing-15-to-21-40-million?post_id=564825935#564825935I'd be surprised if it isn't at least 25% given treasury needs at the moment, and gambling would be very easy game. It doesn't mention the total predicted gain to the treasury for all betting though, at each of those proposed levels.Thu, 03 Jul 2025 04:55:01 -0500It is likely way better that the % is increased rather than a turnover tax is brought in.https://community.betfair.com/horse_racing/go/thread/view/94102/31878273/tax-rate-on-racing-15-to-21-40-million?post_id=564825825#564825825It is likely way better that the % is increased rather than a turnover tax is brought in.Thu, 03 Jul 2025 03:18:10 -0500according to RP. Not very much then. "Bookmakers would also increase their margins on racing to pay for the new tax, offering worse odds, withdrawing promotions and tightening restrictions on successful punters." How exactly would they offerhttps://community.betfair.com/horse_racing/go/thread/view/94102/31878273/tax-rate-on-racing-15-to-21-40-million?post_id=564825817#564825817according to RP. Not very much then. "Bookmakers would also increase their margins on racing to pay for the new tax, offering worse odds, withdrawing promotions and tightening restrictions on successful punters." How exactly would they offerThu, 03 Jul 2025 03:14:52 -0500