The Horserace Betting Levy Board (HBLB) is a UK statutory body that was established by the Betting Levy Act 1961. It operates in accordance with the provisions of the Betting, Gaming and Lotteries Act 1963 (as amended). It is a non-departmental public body (NDPB), and its sponsoring Government department is the Department for Culture, Media and Sport.
Unlike some NDPBs, HBLB receives no central Government grant-in-aid and no National Lottery funding. Instead, it is required by the Act to collect a statutory levy from the horseracing business of bookmakers and the successor company to the Tote.
The Levy on off-course betting represents the greatest proportion of HBLB's income. It is collected from bookmakers as a percentage of the gross profit on their horserace betting business. The majority of Levy income is expended in direct support of horseracing.
HBLB is among the most important contributors to horseracing's finances. The original intention of establishing the Levy, and therefore HBLB, was to provide a means of compensating racing for the loss of attendance that was anticipated when off-course betting shops were legalised in 1961. Today, HBLB applies Levy funds to a wide range of schemes in direct support of horseracing.
HBLB's statutory objectives are to collect the Levy from bookmakers and the successor company to the Tote and to apply the funds so raised to one or more of the following:
The Levy is collected in accordance with a formal, annual Levy Scheme. The Levy is distributed each year in accordance with HBLB's Business Plan. Some 90% of Levy income is applied to the improvement of horseracing each year.
HBLB's general objectives and its income, expenditure and specific objectives are set out in its Business Plan.