Amid ongoing disputes over horseracing’s newly proposed changes to the gambling tax, Flutter has voiced strong support for the British Horseracing Authority’s latest campaign.
Announced earlier this month, the campaign represents the sport’s calls for fair and sustainable funding, but has also warned against proposals to increase duty on other gambling products.
The Treasury’s consultation on aligning tax rates across betting and gaming closes on Monday. Currently, sports betting is taxed at 15%, while casino-style games face a 21% rate.
Proposals to harmonize the two is what has sparked the most concern across the industry, and Flutter now makes its input in emphasizing that such a move would damage the regulated sector and inadvertently harm racing itself.
