Nicholas Soames – 2016 Parliamentary Question to the Department for Culture, Media and Sport

The below Parliamentary question was asked by Nicholas Soames on 2016-05-18.

To ask the Secretary of State for Culture, Media and Sport, with reference to paragraph 3.2 of his Department’s document, Implementing the replacement for the Horserace Betting Levy, published in March 2016, how his Department plans to use the independent report on the value of the common interest between betting and racing to inform the construct of the proposed levy replacement and recover revenues lost from remote offshore betting.

David Evennett

The rate payable by gambling operators will be informed by this independent economic analysis of the funding of horseracing and further discussion with the betting and racing industries. We will be consulting on the findings of the report with both industries within the next few weeks and intend to publish the report in due course.