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<p>A 2013 report from Deloitte for the British Horseracing Authority estimated that
British racing has a Great Britain wide economic impact of £3.45 billion. Lastyear
a public consultation on the potential structure and operation of the Horserace Betting
Right was held, inviting views from across Great Britain. To inform our work to replace
the current levy system and require offshore operators to make a fair financial contribution
to racing alongside those based in Great Britain, I have commissioned an independent
economic analysis of the costs and funding of racing. This will draw on information
provided by betting and racing.</p>
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