The Horserace Betting Levy Regulations 2017

Betting, Gaming and Lotteries Act 1963

9.  After section 29 insert—

“Meaning of “leviable bet”

29A.— (1) In this Part “leviable bet” means a bet that—

(a) relates to horse racing in Great Britain, and

(b) is made (whether in person or remotely) by a person who is in Great Britain when the bet is made.

(2) The following are not “horse racing” for the purposes of subsection (1)(a)—

(a) point to point racing;

(b) harness racing;

(c) trotting events.

Meaning of other terms

29B.   In this Part—

“bet” does not include any bet made or stake hazarded in the course of, or incidentally to, any gaming;

“betting exchange provider” has the meaning given by section 27C(1);

“bookmaker” means a person who carries on the business of—

(a)

receiving or negotiating bets, or

(b)

conducting pool betting operations;

and in paragraph (b), “pool betting” has the same meaning as in the Gambling Act 2005 (see section 12 of that Act);

“levy period” means the period—

(a)

beginning with the day after that on which the Horserace Betting Levy Regulations 2017 come into force and ending with 31 March 2018, and

(b)

each subsequent period of 12 months beginning with 1 April;

“winnings” means winnings of any kind, and references to the payment of and deduction from winnings are to be read accordingly.”