Racing Bets Levy Regulations 2009

The amount by way of levy to be paid under the Betting Control Act 1954 section 14A(2) by a betting operator in respect of racing bets placed or accepted on a race meeting occurring on or after 1 October 2014 but before 1 August 2018 is set out in this regulation.

The amount is 1% of turnover for each month beginning with October 2014 unless subregulation (3) or (4) applies.

If turnover (calculated from the beginning of the racing year) reaches $3 000 000, the amount is as follows —

in the case of pari‑mutuel bets placed or accepted on premium race meetings — 2.5% of turnover for each month, or part of a month, after turnover reaches $3 000 000;

in the case of pari‑mutuel bets placed or accepted on standard race meetings — 1.5% of turnover for each month, or part of a month, after turnover reaches $3 000 000;

in the case of betting exchange bets placed or accepted on premium race meetings — 2.5% of turnover for each month, or part of a month, after turnover reaches $3 000 000;

in the case of betting exchange bets placed or accepted on standard race meetings — 1.5% of turnover for each month, or part of a month, after turnover reaches $3 000 000;

in the case of non‑exchange fixed odds bets placed or accepted on premium race meetings — 3% of turnover for each month, or part of a month, after turnover reaches $3 000 000;

in the case of non‑exchange fixed odds bets placed or accepted on standard race meetings — 2% of turnover for each month, or part of a month, after turnover reaches $3 000 000.

No amount is payable for any month during which turnover does not reach $1 000.