UK business rates overhaul threatens £20m hit to betting and horse-racing sectors
The UK's business rates system is set for a shake-up, with significant impacts on the betting and horse-racing sectors. From April 2026, more than 6,000 betting shops could face an additional £10 million in annual costs, while the horse-racing industry braces for a £10 million rise in expenses.
The Treasury's overhaul aims to make the system 'fairer and fit for the 21st century'. It will introduce lower multipliers for smaller retail, hospitality, and leisure premises. However, this relief will be funded by a higher multiplier for all other commercial properties, including racing yards. Around 300 training yards, covering about 90% of the sector, will be affected, with average increases of over £7,000 per yard.
The betting sector is already under pressure due to speculation about a gambling duties increase in the upcoming Budget. Industry stakeholders, including equestrian associations, horse breeders, riding clubs, and the National Trainers Federation, are lobbying for clarity ahead of the November 26 Budget. The horse-racing sector supports over 85,000 jobs and contributes around £4.1 billion annually to the UK economy.
The exclusion of horse-racing from the new business rate reliefs will increase costs for the industry by £10 million starting April 2026. Stakeholders are united in their efforts to seek clarity and fair treatment ahead of the Budget announcement.
