But, if the sole focus is on helping racing’s finances, it is a complete no-brainer: a rough calculation suggests bookmakers’ annual profits in the UK from FOBTs is around £400m. Do people truly think that can be decimated and racing’s finances won’t suffer?
Of course I think racing’s finances won’t suffer.
If gaming machines were banned/taxed/heavily restricted on Dec 31st 2012, the ‘will levy yield go up in 2013’ market would quite simply be no offers on yes and any price you like on no.
The question isn’t about Levy, it’s about racing’s finances which depend very heavily on media rights money which is based on the number of betting shops trading.