UK Racing Sponsorship Declines as Betting Taxes Bite Hard
Bookmaker investment in British horse racing has fallen sharply over the past year, with new analysis highlighting a significant reduction in sponsorship activity following recent gambling tax increases. Data reviewed by the Racing Post shows that bookmaker-backed sponsorship of British races dropped by 17% between January and September 2026 compared with the same period a year earlier. The decline comes after the UK government increased Remote Gaming Duty (RGD) from 21% to 40% in April 2026, while a rise in […] The post UK Racing Sponsorship Declines as Betting Taxes Bite Hard appeared first on World Casino News.
Bookmaker investment in British horse racing has fallen sharply over the past year, with new analysis highlighting a significant reduction in sponsorship activity following recent gambling tax increases. Data reviewed by the Racing Post shows that bookmaker-backed sponsorship of British races dropped by 17% between January and September 2026 compared with the same period a year earlier. The decline comes after the UK government increased Remote Gaming Duty (RGD) from 21% to 40% in April 2026, while a rise in […]
The post UK Racing Sponsorship Declines as Betting Taxes Bite Hard appeared first on World Casino News.
