Simon Field and James Dunmore

Size: px
Start display at page:

Download "Simon Field and James Dunmore"

Transcription

1 THE IMP ACT OF THE N ATIONAL LOTTER Y ON THE HORSE RACE BETTING LEVY : SECOND REPOR T Simon Field and James Dunmore

2 THE IMPACT OF THE NATIONAL LOTTERY ON THE HORSERACE BETTING LEVY: SECOND REPORT by Simon Field and James Dunmore Economics Unit Research and Statistics Directorate HOME OFFICE 50 Queen Anne s Gate London SW1H 9AT

3 Additional copies of this report can be purchased ( 7.50 plus P&P) from the Home Offi c e Publications Unit, 50 Queen Anne s Gate, London SW1H 9AT. Telephone Crown copyright 1997 ISBN X

4 THE IMPACT OF THE NATIONAL LOTTERY ON THE HORSERACE BETTING LEVY: SECOND REPORT This is the second annual report on the impact of the National Lottery on the Horserace Betting Levy. It fulfils an undertaking to monitor this issue which was made by the Home Office during the passage of the National Lottery Bill. The first report on this subject, published in 1996, described the impact of the Lottery during the first full year of its operation in The report examined past trends in off-course betting expenditure (on which the Levy is closely dependent), and described a statistical model designed to explain fluctuations in betting expenditure. On this basis, the impact of the National Lottery on off-course betting expenditure was assessed. The report drew the conclusion that the Lottery had reduced spending on off-course betting, although the size of the effect was uncertain. As a result the Horserace Betting Levy would have been affected through the horserace component of off-course betting expenditure. This report updates this exercise, covering patterns of expenditure in 1996 as well as The main effect of the additional data is to fill out the picture of the impact of the Lottery, provided by the earlier data. Further details of data sources and the statistical approach adopted are given in the first report. The Horserace Betting Levy and its relation to betting expenditure Bookmakers are required to pay a levy on their horserace betting turnover through the Horserace Betting Levy Board, which has a statutory duty to make funds ava i l a ble for the benefit of horseracing. The levy is in the form of a fi xed fee per betting office plus a percentage charg e applied to the shop s cash turnover above a prescribed fixed band, or a percentage charge applied to a bookmaker s total cash turnover, plus, in both cases, a different percentage charge applied to total credit turn ove r. (The relevant percentages for 1996/97 were 2.2%, 1.37% and 1%.) To t a l payments therefore rise and fall in line with horserace betting expenditure. 1

5 Financial Year Total horserace betting levy payments (Levy Yield) 1991/2 36m 1992/3 47m 1993/4 51m 1994/5 51m 1995/6 48m 1996/7 49m (estimated) plus 5m addition 1, 54m in total. Betting Expenditure HM Customs and Excise collect monthly figures on the duty collected from off-course betting expenditure. Duty is paid one month in arrears, so that each month s figures for duty relate to expenditure in the previous month. These figures provide an accurate basis for estimating off - course betting expenditure. Gross expenditure on off-course betting was 6.5 billion in 1996, little changed from the 1995 total of 6.4 billion. Of this total, about 70 per cent 2 relates to horserace betting. Some fluctuations in overall betting expenditure might be the result of trends in the non-horseracing component, and recognition of this must qualify conclusions drawn from betting expenditure overall. As explained in the previous report, betting expenditure is dependent on the state of the economy. It has a positive relationship with Gross Domestic Product (GDP), although as overall income grows, a smaller proportion is devoted to off-course betting. Independently of overall changes in the level of GDP, unemployment appears to reduce the level of betting expenditure. In addition the average temperature during the first (winter) quarter of each year affects betting, probably because frozen racecourses result in cancelled races and fewer opportunities for betting. From March 1996, the rate of duty on off-course betting was reduced from 7.75 per cent to 6.75 per cent. Other things being equal this might have been expected to result in a modest increase in expenditure on off-course betting. 1 Special arrangements linked to the 1% reduction in General Betting Duty on 1 March 1996 will involve the collection of an additional 5m in 1996/97. This figure will be based upon horserace betting turnover in 1996/7, but will be collected under the 1997/8 scheme for legal reasons. 2 Estimate by Horserace Betting Levy Board. 2

6 The National Lottery The National Lottery has been in place since November It has two main elements: a weekly game started in November 1994 whereby players bet on the outcome of a random selection of numbers undertaken each Saturday night (A mid-week draw was introduced in February 1997, outside the scope of this report.) scratchcards, involving an instant game. These were available from March During 1996 gross expenditure on the National Lottery including both the we e k ly game and scratchcards was 4.7 billion, unchanged from the 1995 outturn. However, between the second quarter of 1995 (when scratchcards were first introduced) and the end of 1996, expenditure fell by 8 per cent, largely because of declining expenditure on scratchcards. Assessment of the impact of the National Lottery Since 1994, when the National Lottery was introduced, GDP has been increasing and unemployment falling. Taken in isolation, these factors would have caused a significant rise in offcourse betting expenditure. In fact, off-course betting expenditure has fallen slightly in real terms. This gap between actual expenditure and that expected on the basis of these backgr o u n d economic factors is illustrated below. Figure 1 Real seasonally adjusted off-course betting expenditure compared with the level expected in the absence of the National Lottery (1994 Q3 = 100) 3

7 The statistical model shows that in 1996 expenditure was 11 per cent below the level expected in that year. As the first report indicated, in the absence of other possible new factors operating since that date, the Lottery itself is likely to have been responsible. The data for 1996 help to clarify picture, since, taken together with earlier data they show that there is a direct statistical relationship between the Lottery and off-course betting expenditure. This relationship suggests that, in 1996, off-course betting expenditure is about 10 per cent below the level it would have reached in the absence of the Lottery. In other words, the Lottery can explain nearly all the gap b e t ween actual and expected expenditure illustrated above. This can only be an approx i m a t e figure, and the effect of the Lottery may vary over time. The effects on the Levy depend on the horseracing component of betting. Since that represents a large proportion of all off-course betting expenditure, horserace betting, and therefore the Levy yield, is likely to have been similarly affected. Economics Unit Research and Statistics Directorate Home Office Queen Anne s Gate 4

HORSERACE BETTING LEVY BOARD 2015/16 BUSINESS PLAN

HORSERACE BETTING LEVY BOARD 2015/16 BUSINESS PLAN HORSERACE BETTING LEVY BOARD BUSINESS PLAN 2015/2016 CONTENTS 1. Executive summary 1 2. Purpose 3 3. Objectives 4 4. Strategy: Specific priorities 5 5. Total Income 5.1 53 rd Levy Scheme 6 5.2 54 th Levy

More information

TABLE OF CONTENTS. 1. Lottery and Gambling Industry Overview. 1.1. International Gambling. 1.2. Global Betting, Gambling and Gaming Industry

TABLE OF CONTENTS. 1. Lottery and Gambling Industry Overview. 1.1. International Gambling. 1.2. Global Betting, Gambling and Gaming Industry 1 TABLE OF CONTENTS 1. Lottery and Gambling Industry Overview 1.1. International Gambling 1.2. Global Betting, Gambling and Gaming Industry 1.3. Global Online Gaming Market 1.4. Types of Gamblers 2. Europe

More information

HM CUSTOMS AND EXCISE. Gambling Duties

HM CUSTOMS AND EXCISE. Gambling Duties HM CUSTOMS AND EXCISE Gambling Duties REPORT BY THE COMPTROLLER AND AUDITOR GENERAL HC 188 Session 2004-2005 14 January 2005 EXECUTIVE SUMMARY 1 There are six types of gambling duties: lottery, general

More information

Horserace Betting Levy Board

Horserace Betting Levy Board Horserace Betting Levy Board Tasha Power Head of Operations BHA Overview Day Newmarket Racecourse Wednesday 30 th September 2015 History, Status and Function Early 1960s: Legalisation of off-course cash

More information

TABLE OF CONTENTS. 1. Lottery and Gambling Industry Overview. 1.1. International Gambling. 1.2. Global Betting, Gambling and Gaming Industry

TABLE OF CONTENTS. 1. Lottery and Gambling Industry Overview. 1.1. International Gambling. 1.2. Global Betting, Gambling and Gaming Industry 1 TABLE OF CONTENTS 1. Lottery and Gambling Industry Overview 1.1. International Gambling 1.2. Global Betting, Gambling and Gaming Industry 1.3. Global Online Gaming Market 1.4. Types of Gamblers 2. Europe

More information

Revenue from Gambling Duties

Revenue from Gambling Duties Report by the Comptroller and Auditor General HM Customs and Excise Revenue from Gambling Duties Ordered by the House of Commons to be printed 27 March 2000 LONDON: The Stationery Office 0.00 HC 352 Session

More information

GOVERNMENT EXPENDITURE & REVENUE SCOTLAND 2013-14 MARCH 2015

GOVERNMENT EXPENDITURE & REVENUE SCOTLAND 2013-14 MARCH 2015 GOVERNMENT EXPENDITURE & REVENUE SCOTLAND 2013-14 MARCH 2015 GOVERNMENT EXPENDITURE & REVENUE SCOTLAND 2013-14 MARCH 2015 The Scottish Government, Edinburgh 2015 Crown copyright 2015 This publication is

More information

Fixed Odds Betting Terminals and the Code of Practice. A report for the Association of British Bookmakers Limited SUMMARY ONLY

Fixed Odds Betting Terminals and the Code of Practice. A report for the Association of British Bookmakers Limited SUMMARY ONLY Fixed Odds Betting Terminals and the Code of Practice A report for the Association of British Bookmakers Limited SUMMARY ONLY Europe Economics Chancery House 53-64 Chancery Lane London WC2A 1QU Tel: (+44)

More information

Review of the Electronic Gaming Machine, Club Keno and Wagering Licences and Funding Arrangements for the Racing Industry Post-2012

Review of the Electronic Gaming Machine, Club Keno and Wagering Licences and Funding Arrangements for the Racing Industry Post-2012 Review of the Electronic Gaming Machine, Club Keno and Wagering Licences and Funding Arrangements for the Racing Industry Post-2012 Funding Arrangements for the Racing Industry Post-2012 Issues Paper Gambling

More information

HORSERACE BETTING LEVY BOARD FIFTY-FOURTH LEVY SCHEME 1 ST APRIL 2015 TO 31 ST MARCH 2016. 21 Bloomsbury Street, London, WC1B 3HF

HORSERACE BETTING LEVY BOARD FIFTY-FOURTH LEVY SCHEME 1 ST APRIL 2015 TO 31 ST MARCH 2016. 21 Bloomsbury Street, London, WC1B 3HF HORSERACE BETTING LEVY BOARD FIFTY-FOURTH LEVY SCHEME 1 ST APRIL 2015 TO 31 ST MARCH 2016 54 21 Bloomsbury Street, London, WC1B 3HF SECTION A: GENERAL PROVISIONS 1. The Scheme governs the assessment and

More information

Chapter 5 2013/14. Heading

Chapter 5 2013/14. Heading Chapter 5 2013/14 Heading A Database On Australia s Gambling Industry Published and Prepared by the Australasian Gaming Council (AGC). DISCLAIMER Whilst a great deal of care has been taken in the preparation

More information

Indicators of betting as primary gambling activity

Indicators of betting as primary gambling activity Indicators of betting as primary gambling activity Advice note, October 2013 1. Introduction 1.1 The Gambling Commission s (the Commission) interpretation of the framework of the Gambling Act 2005 (the

More information

The Future of the Scottish Horseracing Sector

The Future of the Scottish Horseracing Sector The Future of the Scottish Horseracing Sector on Paper September 2014 BiGGAR Economics Midlothian Innovation Centre Pentlandfield, Roslin Midlothian, EH25 9RE Scotland 0131 440 9032 info@biggareconomics.co.uk

More information

Advice on non-commercial and private gaming and betting

Advice on non-commercial and private gaming and betting Advice on non-commercial and private gaming and betting November 2012 Contents 1 Introduction 3 2 Defining non-commercial and private gaming and betting 3 3 Non-commercial prize gaming 4 4 Non-commercial

More information

Questions raised by deputations

Questions raised by deputations LC Paper No. CB(2)2674/04-05(02) I Questions raised by deputations (1)(a) The Hong Kong Jockey Club (HKJC) has made an assessment of the illegal betting market on the basis of a combination of internal

More information

HORSERACE BETTING LEVY BOARD FIFTY-SECOND LEVY SCHEME 1st April 2013 to 31st March 2014 FORM OF DECLARATION ( FOD )

HORSERACE BETTING LEVY BOARD FIFTY-SECOND LEVY SCHEME 1st April 2013 to 31st March 2014 FORM OF DECLARATION ( FOD ) HORSERACE BETTING LEVY BOARD FIFTY-SECOND LEVY SCHEME 1st April 2013 to 31st March 2014 FORM OF DECLARATION ( FOD ) 52 The Levy Scheme applies to all holders of Gambling Commission operating licences and

More information

Racing in the Modern Wagering World. Nigel Roddis December 2007

Racing in the Modern Wagering World. Nigel Roddis December 2007 Racing in the Modern Wagering World Nigel Roddis December 2007 Agenda At The Races New Wagering Opportunities Content Bet Types Technology Summary What Does ATR Do? At The Races is the UK and Ireland s

More information

Gambling revenue. 10.1 Gambling revenue and taxation

Gambling revenue. 10.1 Gambling revenue and taxation Gambling revenue TECHNICAL PAPER 1 The gambling industry is subject to the Australian Government s GST, as well as a wide range of State taxes, license fees and levies. This paper focuses on State Government

More information

Gambling Commission. Trends in Gambling Behaviour 2008-2014

Gambling Commission. Trends in Gambling Behaviour 2008-2014 Gambling Commission Trends in Gambling Behaviour 2008-2014 Report Name Prepared for Authors Project team Trends in Gambling Behaviour 2008-2014 Gambling Commission Doros Georgiou Karl King Adrian Talbot

More information

Can I hold a race night, casino night or poker night? Click here for printer-friendly version

Can I hold a race night, casino night or poker night? Click here for printer-friendly version Can I hold a race night, casino night or poker night? Click here for printer-friendly version Can I hold a race night or casino night to raise funds for charity? You should read all of the information

More information

HM CUSTOMS AND EXCISE. Gambling Duties

HM CUSTOMS AND EXCISE. Gambling Duties HM CUSTOMS AND EXCISE Gambling Duties REPORT BY THE COMPTROLLER AND AUDITOR GENERAL HC 188 Session 2004-2005 14 January 2005 The National Audit Office scrutinises public spending on behalf of Parliament.

More information

Economic Analysis of Proposed Betting Tax Regimes

Economic Analysis of Proposed Betting Tax Regimes Economic Analysis of Proposed Betting Tax Regimes Anthony Foley Dublin City University Business School February 2012 Commissioned by the Irish Bookmakers Association 1 Executive Summary The approach to

More information

pool together SYNDICATE PACK

pool together SYNDICATE PACK pool together SYNDICATE PACK pool together MORE PLAYERS, MORE NUMBERS, MORE CHANCES TO WIN! Q: What's one of the worst kept secrets in betting shops? A: Both the Irish Lotto Bet and 49's offer better odds

More information

Economic Value of Sport in England 1985-2008

Economic Value of Sport in England 1985-2008 Economic Value of Sport in England 1985-2008 c August 2010 Sport Industry Research Centre Sheffield Hallam University Contents Definitions Page iii Executive Summary iv Chapter 1: Introduction 1 1.1: Terms

More information

Section 2. Commentary. Chapter 6 Help with housing costs

Section 2. Commentary. Chapter 6 Help with housing costs Section 2 Commentary Chapter 6 Help with housing costs Commentary 76 Modest taxes on housing wealth No changes were made to the tax position for homeowners in the 06 Budget, and there was little change

More information

Extending the Horserace Betting Levy

Extending the Horserace Betting Levy Extending the Horserace Betting Levy A consultation on implementation June 2014 Our aim is to improve the quality of life for all through cultural and sporting activities, support the pursuit of excellence,

More information

Gambling Tax Reform 2014

Gambling Tax Reform 2014 Gambling Tax Reform 2014 Information Note December 2013 1. Contents Page Foreword 3 Section 1 Introduction 4 Section 2 Liability for the Duties 6 Section 3 Regulatory Matters 9 Section 4 Definition of

More information

Supplementary information on reform to betting duty system of horse race betting

Supplementary information on reform to betting duty system of horse race betting Supplementary information on reform to betting duty system of horse race betting LC Paper No. CB(2)1880/04-05(01) (a) The turnover and betting duty of football betting, lotteries, horse race betting for

More information

Gambling Commission - Industry statistics 2009-2012 09/10/11/12. Industry statistics. April 2009 to September 2012

Gambling Commission - Industry statistics 2009-2012 09/10/11/12. Industry statistics. April 2009 to September 2012 1 09/10/11/12 Industry statistics April 2009 to September 2012 2 Contents Gambling industry data 4 Betting 11 Bingo 23 Casinos 30 Gaming machines, including arcades 39 Lotteries 45 Remote betting, bingo

More information

THE ECONOMIC IMPACT OF CORPORATE TAX RATE REDUCTIONS

THE ECONOMIC IMPACT OF CORPORATE TAX RATE REDUCTIONS THE ECONOMIC IMPACT OF CORPORATE TAX RATE REDUCTIONS Leadership makes the difference January 211 The Economic Impact of Corporate Tax Rate Reductions January 211 Canadian Manufacturers & Exporters Author:

More information

Gambling Commission - Industry statistics 2009-2012 09/10/11/12. Industry statistics. April 2009 to March 2012

Gambling Commission - Industry statistics 2009-2012 09/10/11/12. Industry statistics. April 2009 to March 2012 1 09/10/11/12 Industry statistics April 2009 to March 2012 2 Contents Section 1: Gambling industry data 4 Section 2: Betting 11 Section 3: Bingo 23 Section 4: Casinos 30 Section 5: Gaming machines, including

More information

Fantasy Budget Competition

Fantasy Budget Competition Page 1 Fantasy Budget Competition Due date: 4 th November 2013 Dean Bracken Sean Feely Conor Lunney David McNamara Page 2 Introduction The budget for 2014 announced on the 15 th of October 2013 promotes

More information

5.- IMPACT OF TAKEOUT RATE ON REVENUE, by Mr. Bobby CHANG, Head of Betting Services, Hong Kong Jockey Club

5.- IMPACT OF TAKEOUT RATE ON REVENUE, by Mr. Bobby CHANG, Head of Betting Services, Hong Kong Jockey Club 5.- IMPACT OF TAKEOUT RATE ON REVENUE, by Mr. Bobby CHANG, Head of Betting Services, Hong Kong Jockey Club Mr. CHANG introduced his presentation by setting some common definitions : Pari mutuel betting

More information

BOOKMAKER TELEPHONE, ELECTRONIC BETTING AND APPROVED BETTING PREMISE OR AUTHORISED BETTING OFFICE RACING NSW STANDARD CONDITIONS

BOOKMAKER TELEPHONE, ELECTRONIC BETTING AND APPROVED BETTING PREMISE OR AUTHORISED BETTING OFFICE RACING NSW STANDARD CONDITIONS BOOKMAKER TELEPHONE, ELECTRONIC BETTING AND APPROVED BETTING PREMISE OR AUTHORISED BETTING OFFICE 1 INTRODUCTION RACING NSW STANDARD CONDITIONS These Racing NSW standard conditions apply to bookmakers

More information

Betting Existing Operators

Betting Existing Operators Gambling Act 2005: Betting Guidance To operate a betting shop after 1 September 2007 you will need: an operating licence apply to the Gambling Commission between 1 January and 27 April 2007; a premises

More information

EUROPEAN SIMULCASTING MARKETS. Symposium on Racing, Tucson, Dec 7 10 2005

EUROPEAN SIMULCASTING MARKETS. Symposium on Racing, Tucson, Dec 7 10 2005 EUROPEAN SIMULCASTING MARKETS Symposium on Racing, Tucson, Dec 7 10 2005 At The Races At The Races is the UK and Ireland s most watched dedicated horseracing channel Domestic and international broadcast

More information

An economic review of the proposed change in UK legislation for online gambling taxation. Summary view

An economic review of the proposed change in UK legislation for online gambling taxation. Summary view An economic review of the proposed change in UK legislation for online gambling taxation Summary view September 2013 This report has been prepared by KPMG LLP ( KPMG ) solely for the Remote Gambling Association

More information

Why profits are important & higher corporate tax rates are a bad idea

Why profits are important & higher corporate tax rates are a bad idea Why profits are important & higher corporate tax rates are a bad idea 215 Canadian Manufacturers & Exporters Since 1871, we have made a difference for Canada s manufacturing and exporting communities.

More information

Future funding outlook for councils 2019/20

Future funding outlook for councils 2019/20 Future funding outlook for councils 2019/20 Interim 2015 update June 2015 www.local.gov.uk Future funding outlook for councils 2019/20 1 Contents Executive summary 4 Introduction 6 The path of council

More information

I. INTRODUCTION IRELAND

I. INTRODUCTION IRELAND Institut suisse de droit comparé Schweizerisches Institut für Rechtsvergleichung Istituto svizzero di diritto comparato Swiss Institute of Comparative Law IRELAND ISDC - Dorigny - CH-1015 Lausanne (Suisse)

More information

Research and Development funding for science and technology in the UK

Research and Development funding for science and technology in the UK MEMORANDUM FOR THE HOUSE OF COMMONS SCIENCE AND TECHNOLOGY COMMITTEE JUNE 2013 Cross-government Research and Development funding for science and technology in the UK Our vision is to help the nation spend

More information

Bookmaker Bookmaker Online Bookmaker Offline

Bookmaker Bookmaker Online Bookmaker Offline IN BRIEF Bookmaker is an application suite which will provide you with the necessary tools for setting up a bookmaker s office. Bookmaker offers a complete package which is currently available for trial

More information

A GUIDE TO THE VAT SCHEME

A GUIDE TO THE VAT SCHEME 1. Introduction A GUIDE TO THE VAT SCHEME A Significant benefit for Racehorse Owners The Memorandum of Understanding, (an extract of which is enclosed), concluded between the racing industry and HM Customs

More information

Gambling (Licensing and Advertising) Act 2014

Gambling (Licensing and Advertising) Act 2014 Gambling (Licensing and Advertising) Act 2014 CHAPTER 17 Explanatory Notes have been produced to assist in the understanding of this Act and are available separately 6.00 Gambling (Licensing and Advertising)

More information

Equality Impact Assessment Support for Mortgage Interest

Equality Impact Assessment Support for Mortgage Interest Welfare and Wellbeing Group Equality Impact Assessment Support for Mortgage Interest Clarification to the treatment of Excess Payments of Support for Mortgage Interest April 2010 Equality Impact Assessment

More information

Gambling participation: activities and mode of access

Gambling participation: activities and mode of access Gambling participation: activities and mode of access January 2014 1 Key findings 1.1 The following findings are based on a set of questions commissioned by the Gambling Commission in omnibus surveys conducted

More information

STATEMENT 7: DEBT MANAGEMENT

STATEMENT 7: DEBT MANAGEMENT STATEMENT 7: DEBT MANAGEMENT This statement discusses debt management, including maintaining the Commonwealth Government Securities (CGS) market and the proposed investment of financial assets in the Future

More information

Impact of the recession

Impact of the recession Regional Trends 43 21/11 Impact of the recession By Cecilia Campos, Alistair Dent, Robert Fry and Alice Reid, Office for National Statistics Abstract This report looks at the impact that the most recent

More information

THE ARLA REVIEW & INDEX

THE ARLA REVIEW & INDEX THE ARLA REVIEW & INDEX for Residential Investment FOURTH Quarter 2014 Fourth Quarter 2014 Compared with three months ago, the average weighted rental return for houses is up from 5.0% to 5.1%, its second

More information

Explanation beyond exchange rates: trends in UK trade since 2007

Explanation beyond exchange rates: trends in UK trade since 2007 Explanation beyond exchange rates: trends in UK trade since 2007 Author Name(s): Michael Hardie, Andrew Jowett, Tim Marshall & Philip Wales, Office for National Statistics Abstract The UK s trade performance

More information

HOSPICE ACCOUNTS Analysis of the accounts of UK independent voluntary hospices for the year ended 31 March 2013

HOSPICE ACCOUNTS Analysis of the accounts of UK independent voluntary hospices for the year ended 31 March 2013 Sponsored by chartered accountants & tax advisers Analysis of the accounts of UK independent voluntary hospices for the year ended 31 March 2013 Contents Introduction 3 Definitions and scope 4 Overall

More information

Executive summary. Participation in gambling activities (Chapter 2)

Executive summary. Participation in gambling activities (Chapter 2) Executive summary This report presents results from the British Gambling Prevalence Survey (BGPS) 2010. This is the third nationally representative survey of its kind; previous studies were conducted in

More information

Gambling participation: activities and mode of access

Gambling participation: activities and mode of access Gambling participation: activities and mode of access January 2015 1 Key findings 1.1 The following findings are based on a set of questions commissioned by the Gambling Commission in omnibus surveys conducted

More information

NOTES ON BANK FEES ON SMALL BUSINESSES 1

NOTES ON BANK FEES ON SMALL BUSINESSES 1 NOTES ON BANK FEES ON SMALL BUSINESSES 1 At the previous meeting of this Committee, the Bank presented a preliminary analysis it had conducted into bank fees in Australia. 2 That analysis provided an overall

More information

To tax or not to tax? Free Bets and Free Plays

To tax or not to tax? Free Bets and Free Plays To tax or not to tax? Free Bets and Free Plays Introduction 20 May 2014 At the start of the consultation regarding the introduction of the new place of consumption ( POC ) rules for gambling duties, H.M.Treasury

More information

Improving access to finance for small and medium-sized enterprises

Improving access to finance for small and medium-sized enterprises Report by the Comptroller and Auditor General Department for Business, Innovation & Skills and HM Treasury Improving access to finance for small and medium-sized enterprises HC 734 SesSIon 2013-14 1 November

More information

STATE OF NEW YORK OFFICE OF THE STATE COMPTROLLER 110 STATE STREET ALBANY, NEW YORK 12236. September 2015

STATE OF NEW YORK OFFICE OF THE STATE COMPTROLLER 110 STATE STREET ALBANY, NEW YORK 12236. September 2015 THOMAS P. DiNAPOLI COMPTROLLER STATE OF NEW YORK OFFICE OF THE STATE COMPTROLLER 110 STATE STREET ALBANY, NEW YORK 12236 September 2015 GABRIEL F. DEYO DEPUTY COMPTROLLER DIVISION OF LOCAL GOVERNMENT AND

More information

National Gambling Statistics Casinos, Bingo, Limited Pay-out Machines and Fixed Odds and Totalisator Betting

National Gambling Statistics Casinos, Bingo, Limited Pay-out Machines and Fixed Odds and Totalisator Betting National Gambling Statistics Casinos, Bingo, Limited Pay-out Machines and Fixed Odds and Totalisator Betting 2013/2014 Financial Year (FY14) 1 April 2013 31 March 2014 Quarter 1 = 1 April 2013 30 June

More information

IRISH GREYHOUND BOARD. BORD NA gcon SUBMISSION ON REPORT REGULATING GAMING IN IRELAND

IRISH GREYHOUND BOARD. BORD NA gcon SUBMISSION ON REPORT REGULATING GAMING IN IRELAND IRISH GREYHOUND BOARD BORD NA gcon SUBMISSION ON REPORT REGULATING GAMING IN IRELAND TABLE OF CONTENTS Page 1 Response to Recommendations in Report Regulating Gaming in Ireland 2-4 2. Replies to relevant

More information

EXPLANATORY MEMORANDUM TO THE SOCIAL SECURITY BENEFITS UP-RATING ORDER 2010. No.793

EXPLANATORY MEMORANDUM TO THE SOCIAL SECURITY BENEFITS UP-RATING ORDER 2010. No.793 EXPLANATORY MEMORANDUM TO THE SOCIAL SECURITY BENEFITS UP-RATING ORDER 2010 No.793 1. This explanatory memorandum has been prepared by the Department for Work and Pensions and is laid before Parliament

More information

Social Security for Scotland: Benefits being devolved to the Scottish Parliament. March 2014

Social Security for Scotland: Benefits being devolved to the Scottish Parliament. March 2014 Social Security for Scotland: Benefits being devolved to the Scottish Parliament March 2014 Ministerial Foreword I welcome the new social security powers coming to Scotland and this publication helps us

More information

Basis for setting the discount rate for calculating cash equivalent transfer values payable by public service pension schemes

Basis for setting the discount rate for calculating cash equivalent transfer values payable by public service pension schemes Basis for setting the discount rate for calculating cash equivalent transfer values payable by public service pension schemes guidance issued by HM Treasury October 2011 Basis for setting the discount

More information

Darty plc Q1 Trading Statement. Continued market outperformance in France and improving cash position

Darty plc Q1 Trading Statement. Continued market outperformance in France and improving cash position Thursday 10 September 2015 Darty plc Q1 Trading Statement Continued market outperformance in France and improving cash position Darty plc today announces first quarter trading for the period 1 May 2015

More information

Q3 2015: TRADING IN LINE WITH OUR EXPECTATIONS STRATEGY IMPLEMENTATION UNDERWAY

Q3 2015: TRADING IN LINE WITH OUR EXPECTATIONS STRATEGY IMPLEMENTATION UNDERWAY LADBROKES PLC ( Ladbrokes or the Group ) 22 October 2015 Q3 2015: TRADING IN LINE WITH OUR EXPECTATIONS STRATEGY IMPLEMENTATION UNDERWAY Ladbrokes plc (LSE:LAD) announces its trading update for the three

More information

BOOKMAKER ELECTRONIC BETTING AND APPROVED PREMISE BETTING RACING NSW STANDARD CONDITIONS

BOOKMAKER ELECTRONIC BETTING AND APPROVED PREMISE BETTING RACING NSW STANDARD CONDITIONS BOOKMAKER ELECTRONIC BETTING AND APPROVED PREMISE BETTING RACING NSW STANDARD CONDITIONS 1 INTRODUCTION These Racing NSW standard conditions apply to bookmakers who have been authorised by the Minister

More information

Underage gambling in England and Wales

Underage gambling in England and Wales Final report Underage gambling in England and Wales Research conducted by Ipsos MORI on behalf of the National Lottery Commission July 2012 Legal notice 2012 Ipsos MORI all rights reserved. The contents

More information

Published on 11 March 2014 at 09:30

Published on 11 March 2014 at 09:30 Press Office Threadneedle Street London EC2R 8AH T 2 761 4411 F 2 761 546 press@bankofengland.co.uk www.bankofengland.co.uk Press Office 25 The North Colonnade Canary Wharf London E14 5HS T 2 766 3232

More information

Element 4. Game Design

Element 4. Game Design Game Design 1 .1 Overview As the sole authorised operator in Hong Kong, the Club has been playing an active and instrumental role in limiting gambling opportunities via our stringent game design approach

More information

Proportion of Gaming Revenue Derived from Problem Gamblers

Proportion of Gaming Revenue Derived from Problem Gamblers Proportion of Gaming Revenue Derived from Problem Gamblers Dr. Robert Williams & Dr. Robert Wood University of Lethbridge Alberta, Canada Alberta Gaming Research Institute Conference Public Policy Implications

More information

Changes to National Accounts Blue Book 2014: Improvements to Household Expenditure Estimates

Changes to National Accounts Blue Book 2014: Improvements to Household Expenditure Estimates Changes to National Accounts Blue Book 2014: Improvements to Household Expenditure Estimates Author: Hugh Skipper, Office for National Statistics Contributions from: David Matthewson, Caroline Walker,

More information

Tax regimes for gambling operators in the EU and beyond

Tax regimes for gambling operators in the EU and beyond Betting on Europe Tax regimes for gambling operators in the EU and beyond As explained in last month's article by April Carr of Olswang LLP, regulation and tax are fundamental issues for gambling operators

More information

From slot machines to gaming terminals experiences with regulatory changes in Norway Vienna September 2010

From slot machines to gaming terminals experiences with regulatory changes in Norway Vienna September 2010 From slot machines to gaming terminals experiences with regulatory changes in Norway Vienna September 2010 Senior adviser Jonny Engebø The Norwegian Gaming Authority Presentation Background and decisions

More information

The Economic Impact of Horseracing in Yorkshire

The Economic Impact of Horseracing in Yorkshire The Economic Impact of Horseracing in Yorkshire March 2011 The Economic Impact of Racing in Yorkshire Centre for Regional Economic and Social Research Sheffield Hallam University Paul Lawless (CRESR) Ian

More information

The UK betting and gaming market: estimating price elasticities of demand and understanding the use of promotions

The UK betting and gaming market: estimating price elasticities of demand and understanding the use of promotions The UK betting and gaming market: estimating price elasticities of demand and understanding the use of promotions A REPORT PREPARED FOR HM REVENUE AND CUSTOMS June 2014 Frontier Economics Ltd, London.

More information

Isle of Man Guide for on and off-course bookmakers, track operators etc. to comply with the law on general betting duty in the Isle of Man

Isle of Man Guide for on and off-course bookmakers, track operators etc. to comply with the law on general betting duty in the Isle of Man 451 (MAN) Isle of Man Guide for on and off-course bookmakers, track operators etc. to comply with the law on general betting duty in the Isle of Man August 1999 NOTICE 451 (MAN) THE INFORMATION IN THIS

More information

EXECUTIVE SUMMARY... 3 RETAIL BETTING OVERVIEW... 4 SECTOR EMPLOYMENT... 5 TURNOVER LEVELS... 5 SHOP NUMBERS... 6 TAXATION CONTRIBUTION...

EXECUTIVE SUMMARY... 3 RETAIL BETTING OVERVIEW... 4 SECTOR EMPLOYMENT... 5 TURNOVER LEVELS... 5 SHOP NUMBERS... 6 TAXATION CONTRIBUTION... Betting Industry EXECUTIVE SUMMARY... 3 RETAIL BETTING OVERVIEW... 4 SECTOR EMPLOYMENT... 5 TURNOVER LEVELS... 5 SHOP NUMBERS... 6 TAXATION CONTRIBUTION... 6 Average contribution to Exchequer... 7 PAYMENTS

More information

SUBMISSION TO AUSTRALIAN TAXATION REVIEW COMMITTEE. Better Tax - Wagering Reform Proposal. Nationals Senator, Bridget McKenzie

SUBMISSION TO AUSTRALIAN TAXATION REVIEW COMMITTEE. Better Tax - Wagering Reform Proposal. Nationals Senator, Bridget McKenzie SUBMISSION TO AUSTRALIAN TAXATION REVIEW COMMITTEE Better Tax - Wagering Reform Proposal Nationals Senator, Bridget McKenzie 1. GENERAL SUBMISSION The Better Tax Discussion Paper invites submissions on

More information

ACC PO Box 242 WELLINGTON

ACC PO Box 242 WELLINGTON Submission To: ACC PO Box 242 WELLINGTON SUBMISSION ON THE EMPLOYERS ACCOUNT CONSULTATION RESIDUAL CLAIMS ACCOUNT CONSULTATION Submission From: NZ Manufacturers Federation Inc. PO Box 11 543 WELLINGTON

More information

Tattersalls Committee Rules on Betting

Tattersalls Committee Rules on Betting Tattersalls Committee Rules on Betting Preamble These Rules on Betting, as amended from time to time, are issued by Tattersalls Committee. The Rules on Betting were first issued in 1886 and were last revised

More information

Dear Reader: Presented herewith is the Annual Gaming Report pursuant to Section 56 of the Gaming Control Act for the year ending March 31, 2013.

Dear Reader: Presented herewith is the Annual Gaming Report pursuant to Section 56 of the Gaming Control Act for the year ending March 31, 2013. Dear Reader: Presented herewith is the Annual Gaming Report pursuant to Section 56 of the Gaming Control Act for the year ending March 31, 2013. The Annual Gaming Report covers the activities of the Alcohol

More information

RECE!' KENYA GAZETTE SUPPLEMENT NATIONAL ASSEMBLY BILLS, 2015 LA''/ REPORIING I-IBRARY. 0? aus zots. NAIROBI, llth June, 2015

RECE!' KENYA GAZETTE SUPPLEMENT NATIONAL ASSEMBLY BILLS, 2015 LA''/ REPORIING I-IBRARY. 0? aus zots. NAIROBI, llth June, 2015 SPECIAL ISSUE N,/\TIONAL COUNCIL FOR LA''/ REPORIING I-IBRARY REPUBLIC OF KENYA KENYA GAZETTE SUPPLEMENT NATIONAL ASSEMBLY BILLS, 2015 NAIROBI, llth June, 2015 CONTENT Bill for Introduction into the National

More information

A Competitive & Legal Canadian Gaming Marketplace

A Competitive & Legal Canadian Gaming Marketplace A Competitive & Legal Canadian Gaming Marketplace Recommendations to the Standing Senate Committee on Legal and Constitutional Affairs regarding Bill c-290 Presentation on behalf of Canadian Horse Racing

More information

The Growth of Wagering On the Go

The Growth of Wagering On the Go The Growth of Wagering On the Go Symposium of University of Arizona Race Track Industry Program November 2012 Ray Fok Executive Manager, Digital Experience & Information Agenda HK Digital Market Landscape

More information

The value of apprenticeships: Beyond wages

The value of apprenticeships: Beyond wages The value of apprenticeships: Beyond wages NIDA BROUGHTON June 2016 There is strong political commitment to the apprenticeships programme as a part of the strategy to achieve a high quality workforce that

More information

INFORMATION FOR OBSERVERS. Gaming Transactions (Agenda Paper 11(i))

INFORMATION FOR OBSERVERS. Gaming Transactions (Agenda Paper 11(i)) 30 Cannon Street, London EC4M 6XH, United Kingdom Tel: +44 (0)20 7246 6410 Fax: +44 (0)20 7246 6411 Email: iasb@iasb.org Website: www.iasb.org International Accounting Standards Board This observer note

More information

Update on HKJC s Simulcast Expansion into New Markets

Update on HKJC s Simulcast Expansion into New Markets Update on HKJC s Simulcast Expansion into New Markets Global Symposium on Racing & Gaming 2014 December 10 th 2014 Carrie Tong Senior Business Development Manager (Racing) The Hong Kong Jockey Club Rewinding

More information

Fortuna Entertainment Group NV

Fortuna Entertainment Group NV Fortuna Entertainment Group NV Investor Presentation October 2012 WILFRED WALSH Fortuna Entertainment Group NV Chairman of the Management Board Wilf Walsh acts as Chairman of the Management Board. In 2009,

More information

The changing finances of students studying in London: Evidence from the 2002/03 Student Income and Expenditure Survey

The changing finances of students studying in London: Evidence from the 2002/03 Student Income and Expenditure Survey The changing finances of students studying in London: Evidence from the 2002/03 Student Income and Expenditure Survey By Prof Claire Callender London South Bank University for the Mayor of London March

More information

Economic Impact of a Regional Casino in Scotland

Economic Impact of a Regional Casino in Scotland Enterprise and Lifelong Learning Potential Economic Impact of Regional Casino in Scotland Overview/Summary POTENTIAL ECONOMIC IMPACT OF A REGIONAL CASINO IN SCOTLAND Overview/Summary 1. This paper outlines

More information

The National Business Survey National Report November 2009 Results

The National Business Survey National Report November 2009 Results The National Business Survey National Report November 2009 Results 1 Executive Summary (1) 2 NBS results from November 2009 demonstrate the continued challenging conditions faced by businesses in England

More information

CABINET 9 September 2014 KEY DECISION: YES MONEY MATTERS: 2014/15 REVIEW OF FINANCIAL PERFORMANCE AGAINST THE FINANCIAL STRATEGY

CABINET 9 September 2014 KEY DECISION: YES MONEY MATTERS: 2014/15 REVIEW OF FINANCIAL PERFORMANCE AGAINST THE FINANCIAL STRATEGY CABINET 9 September 2014 KEY DECISION: YES MONEY MATTERS: 2014/15 REVIEW OF FINANCIAL PERFORMANCE AGAINST THE FINANCIAL STRATEGY 1. Decision The Cabinet: 1.1 Noted the report and issues raised within.

More information

EUROPEAN UNION ACCOUNTING RULE 12 EMPLOYEE BENEFITS

EUROPEAN UNION ACCOUNTING RULE 12 EMPLOYEE BENEFITS EUROPEAN UNION ACCOUNTING RULE 12 EMPLOYEE BENEFITS Page 2 of 18 I N D E X 1. Introduction... 3 2. Objective... 3 3. Scope... 4 4. Definitions... 5 5. Short-term employee benefits... 7 5.1 Recognition

More information

Small Medium Enterprises Total Tax Contribution Report. Commissioned by the Department of the Treasury December 2009

Small Medium Enterprises Total Tax Contribution Report. Commissioned by the Department of the Treasury December 2009 Small Medium Enterprises Total Tax Contribution Report Commissioned by the Department of the Treasury December 2009 1.0 Executive Summary This study analyses the impact of Australia s taxation system on

More information

Contribution of the Scotch Whisky Industry to the Scottish Economy

Contribution of the Scotch Whisky Industry to the Scottish Economy Contribution of the Scotch Whisky Industry to the Scottish Economy Graeme Blackett November 2012 BiGGAR Economics Graeme Blackett mobile: 07890 998147 Email: graeme@biggareconomics.co.uk CONTENTS Page

More information

Promoting society and local authority lotteries

Promoting society and local authority lotteries Promoting society and local authority lotteries Advice for society and local authority lotteries which require a licence or registration September 2014 1 Introduction 1.1 Lotteries are illegal unless they

More information

Strong underlying growth but football results impact margins

Strong underlying growth but football results impact margins Q1 results announcement for the 13 weeks ended 1 April 2014 25 April 2014 Strong underlying growth but football results impact margins Key highlights Continued outstanding growth in Online Sportsbook turnover,

More information

2 FiScAl outlook FoR FiNANciAl YEAR 2013

2 FiScAl outlook FoR FiNANciAl YEAR 2013 106 FISCAL OUTLOOK FOR FINANCIAL YEAR 2013 2 FiScAl outlook FoR FiNANciAl YEAR 2013 2.1 Budget for FY2013 A basic surplus of $0.3 billion (or 0.1% of GDP) is expected for FY2013. After factoring in Topups

More information

Managing early departures across Welsh public bodies

Managing early departures across Welsh public bodies 10 February 2015 Archwilydd Cyffredinol Cymru Auditor General for Wales Managing early departures across Welsh public bodies I have prepared and published this report in accordance with the Government

More information

Gambling Commission - Industry statistics 2008-2011 08/09/10/11. Industry statistics. April 2008 to March 2011

Gambling Commission - Industry statistics 2008-2011 08/09/10/11. Industry statistics. April 2008 to March 2011 1 08/09/10/11 Industry statistics April 2008 to March 2011 2 Contents Gambling industry data 4 Betting 9 Bingo 17 Casinos 22 Gaming machines, including arcades 27 Lotteries 31 Remote betting, bingo and

More information

Australian Gambling Statistics. 1984 85 to 2009 10 28th edition

Australian Gambling Statistics. 1984 85 to 2009 10 28th edition Australian Gambling Statistics 1984 85 to 2009 10 28th edition Australian Gambling Statistics 28th edition Released December 2012 Prepared by the Government Statistician, Queensland Treasury and Trade.

More information