British racing has set the price for bookmakers wanting to become authorized betting partners (ABP).
The British Horseracing Authority (BHA) wants bookmakers—whose digital horseracing businesses are based overseas—to cough up 7.5 percent of their gross win on horseracing from UK customers for the 2016-2017 levy, Racing Post reported.
That price will rise to 8 percent for the following year, according to the report.
Back in October, BHA announced that bookies could lose their ability to sign sponsorships with horseracing operators unless they contribute to the sport. The controversial policy was part of the agency’s effort to grab a portion of the estimated £30 million that is not going to their coffers because many of the bookies’ businesses are based overseas.