Horserace Betting Levy Board

The Horserace Betting Levy Board (HBLB), commonly abbreviated to the Levy Board, is a non-departmental public body of the Department for Digital, Culture, Media and Sport in the United Kingdom. It is a statutory body established by the Betting Levy Act 1961 and is now operating in accordance with the provisions of the Betting, Gaming and Lotteries Act 1963 (as amended).

Unlike some other non-departmental public bodies, the Levy Board receives no central Government grant-in-aid or National Lottery funding. Instead, it is required by the Act to collect a statutory levy from the horseracing business of bookmakers which it then distributes for the improvement of horseracing and breeds of horses and for the advancement of veterinary science and education.[1]

In the year to 31st March 2020, levy yield was some £97m (https://www.hblb.org.uk/release/665). The largest share of the levy is spent on race prize money, but it also provides funding for regulation and integrity services, racing and breeding industry training and education, projects for the benefit of the thoroughbred horse, loans to racecourses for capital projects and resources for various other activities pursuant to the organisation's statutory objectives.[2]

Chairs


gollark: The internet is *not fast enough*.
gollark: What? You literally cannot do that.
gollark: I'm aware. But those are bought from large companies in data centres and sometimes in clusters.
gollark: While GPU good and all, they can only do some cryptocurrencies usefully, and I think most AI people are not buying compute on random single nodes at home.
gollark: You need ASICs to get a noticeable amount of Bitcoin, and it probably isn't very free because you have in fact spent money on the components of this.

References
  1. "About the HBLB". Horserace Betting Levy Board. Retrieved 13 April 2013.
  2. Waterman, Jack (1999). The Punter's Friend. Harpenden, Herts, UK: Queen Anne Press. ISBN 1852916001.

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