Affordability Checks Pose ‘Existential Threat’ to British Horse Racing

Proposed affordability checks for UK gamblers could charm curtains for Brits horse racing, manufacture stakeholders fear.

The planned checks could live triggered by losses of as little as £125 (US$159) inwards 30 years or £500 (US$ 634) in a year. This could ensue in a striking of £250 million (US$ 316 million) to racing over the next fin years, money it tin sick give to lose. Prize money in British racing already compares unfavorably to other countries and a dwindling manufacture testament be jobs, according to the

Critics of affordability checks indicate they are an unwelcome intrusion that will motor vulnerable gamblers to dark marketplace operators. They also note that the proposed £500 yr red ink trigger equates to simply £1.37 a day.

Revenue Already Down

Horseracing receives £350 meg a year from the regulated gaming manufacture through and through sponsorship, media rights, and betting levy payments. But the racing industry says revenues from betting get fallen in the past times few months by 15% to 20%, which it claims is a unmediated outcome of non-mandatory trials of affordability checks by operators.

A Jockey Club petition that asks the administration to “abandon the planned effectuation of affordability checks for some people who require to come out a bet” rapidly garnered the 100K-plus signatures required to initiation a debate inwards the Houses of Parliament. That public debate took shoes Monday.

‘Bad Policy’

In it, Independent MP for St Helens Frederick North Conor McGinn described affordability checks as “bad insurance inwards terms of the concept and the philosophy in arrears it, its purpose, and so its efficacy inwards addressing that purported purpose.”

It was “incoherent,” and “a response to anecdote and emotion, governing overreach, and an infringement on the right of the individual,” he said. “On no other sound leisure activity in the UK has the Government readiness out disbursal limits inward this fashion.”

It would have got a “detrimental, disproportionate and, frankly, existential wallop on British horseracing,” he added.

‘Health Issue’

But Labour MP for Sheffield Central Paul Blomfield complained horseracing was “being used as a squeeze come forth to tackle a different problem.”

If this is a wellness issue, we want to make a prevention strategy, just as we fare with other health problems,” he said. “Affordability checks testament frolic an important role. They must follow go down independently sort of than past the industry and band at a level off that will protect those who want them most.

Blomfield added that he recognized many people savor betting safely and without harm, and so affordability checks should live frictionless. But he urged the administration non to turn a loss vision of the fact that the checks are well-nigh “protecting people from harm and ensuring that the gambling manufacture is regulated inwards the right way.”

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