BHA Chief Brant Dunshea Warns Budget Tax Rise Could Devastate British Racing

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 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. Dunshea emphasized that the consequences would be felt across the entire racing ecosystem, from owners and trainers to stable staff and breeders. Industry stakeholders are now calling for urgent dialogue with the government to mitigate the impact and explore alternative funding mechanisms. The BHA is expected to present evidence on the potential job losses and economic damage to rural communities that depend on racing. Without intervention, the sport's long-term sustainability could be at risk, threatening its cultural and economic contribution to the UK. The coming months will be crucial as the industry seeks to protect its future in the face of this fiscal challenge.