A closer look at “BHA Chief Brant Dunshea Warns Budget Tax Rise Could Devastate British Racing”, exactly as the source publishes it. British Horseracing Authority chief executive Brant Dunshea has issued a stark warning that the five per cent increase in machine gaming duty for betting shops, announced in the recent Budget, will have a 'devastating impact' on the future of the sport. Dunshea's comments highlight the critical fina Dunshea's comments highlight the critical financial link between betting shop revenues and racing's funding model, as a significant portion of the sport's income is derived from the levy on betting profits.
The tax rise is expected to reduce the profitability of betting shops, which in turn could lead to closures or reduced contributions to the racing industry. This comes at a time when racing is already facing economic pressures, and any further reduction in funding could affect prize money, racecourse operations, and the livelihoods of those working in the sector. The full version stays on the original page, which this listing opens directly.