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<p>The Government recognises the valuable contribution horseracing makes to rural
economies across Britain. A recent economic impact study commissioned by Scottish
Racing found that the Scottish horseracing industry generated £302 million in revenues
in 2016, sustains 3,430 jobs, and generates £30m of tax revenues per annum. Further
detail is provided in Scottish Racing’s 2016 Annual Review: http://www.scottishracing.co.uk/annual-review/</p><p>In
April 2017 the Government implemented reforms to the Horserace Betting Levy, which
extended the Levy to offshore online operators. This is expected to result in a significant
increase in Levy income for the benefit of the sport across the whole of Britain.</p>
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