Contributions to horse and dog racing
Horserace Betting Levy Board
Bookmakers provide a percentage of their gross profits (stakes minus winnings)on British horseracing under the statutory 'Levy' (see HBLB, under links). In 2006/07 bookmakers paid about £90m in Levy. The funds collected are applied to three statutory purposes: the improvement of breeds of horses; the advancement or encouragement of veterinary science or veterinary education; and the improvement of horseracing. Bookmakers additionally spend about £30m on the rights to show horseracing pictures in betting shops. Bookmakers also sponsor many important race meetings.
British Greyhound Racing Fund
On a voluntary basis, bookmakers contribute 0.6% of their greyhound turnover to the British Greyhound Racing Fund (see links). Contributions are currently about £12m. The Fund contributes to prize money, integrity, stadia and greyhound welfare. Bookmakers also pay about £18m to greyhound racing for fixtures organised by Bookmakers' Afternoon Greyhound Services (BAGS). Bookmakers also sponsor key greyhound meetings.
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ABB members are mindful of their responsibilities to the communities within which they operate.
