Part I Betting

Contributions for benefit of horse racing by bookmakers and Totalisator Board

F127A.Profits as a bookmaker

A bookmaker’s profits on leviable bets for a levy period are—

SM+OA−W

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).