HBLB is an important contributor to the finances of the British horseracing industry. Some 90% of Levy income annually is applied to the improvement of horseracing. This expenditure is directed principally to prize money, with other payments made directly to racecourses as a contribution towards raceday services costs, such as for regulation and integrity.
In addition, HBLB makes a significant contribution to non-fixture related areas, in 2022 likely to total circa £7-8m. This includes the Industry Recruitment, Training and Retention Strategy, Betting Industry Partnership, Retraining Of Racehorses (ROR), Point to Pointing, Racing To School and the Horse Welfare Board.