In Focus
Horseracing industry: Government support and recent developments
Horseracing is the second largest sport in the UK in terms of attendance and revenues generated. However, the horseracing industry faces several challenges, including declining attendances and lower prize money levels compared with international competitors. This article summarises the government support provided to the racing industry, the proposed reforms in the government’s gambling white paper of April 2023, and the reaction to protests at racecourses over the summer of 2023.