[F227A.Profits as a bookmakerE+W+S
A bookmaker’s profits on leviable bets for a levy period are—
where—
SM is the aggregate of the stake money falling due to the bookmaker in the levy period on leviable bets;
OA is aggregate of any other amounts accruing to the bookmaker in the levy period in connection with leviable bets;
W is the aggregate of any winnings paid by the bookmaker in the levy period in respect of leviable bets (irrespective of when the bets were made or determined).]
Textual Amendments
F2Ss. 27A-27E inserted (25.4.2017) by The Horserace Betting Levy Regulations 2017 (S.I. 2017/589), reg. 1(2), Sch. para. 5 (with reg. 2)