Horserace Betting Levy Board

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Current Document: Prize Money
The HBLB’s allocations to Prize Money for 2008 was £56.3m and 2009 was £62.5m. For 2010, the total prize money allocation was originally £57m which was reduced to £54.2m (as agreed by the Board in April 2010), but has subsequently been reduced further to £52.1m (which was done in the light of revised income forecasts).

The allocation is distributed on a 60:40 basis between Flat and National Hunt racing, in accordance with the proportions of levy generated by betting on the two codes.

Prize Money divides into Basic Daily Rates (BDR) and Prize Money for Apprentice races, Extra races and Divided races. The bulk of Prize Money is given to racecourses in the form of the BDR.


Extra Race and Apprentice Race Schemes
Apprentice races are funded by the HBLB as part of the training programme for youngsters who want to become jockeys in order to give more opportunities to young people who want to be involved in the horseracing industry.

The Extra Race Scheme, formerly the Seventh Race Scheme was retitled and its purpose redefined, in consultation with the BHA, in order to focus more on races likely to be levy-generative.

The HBLB allocates extra funding for Extra races taking place during the year. Extra races are held to encourage betting and increase turnover for the benefit of the racing industry.

The total funds allocated for the Extra and Apprentice Race Schemes for 2010 are £1.23m and £70,000 respectively.


As well as the HBLB's contribution, Prize Money for racing is contributed by racehorse owners, racecourses and sponsors, and through the Divided Races fund. The HBLB's contribution comprises over 50% of the total Prize Money pool.

Contributions to prize money 2008-09 (£'000)

Contributor	Divided race fund	BHA	Sponsors	Racecourses	Owners	HBLB	Total
Flat 2008	653	1,303	9,571	10,517	13,065	33,614	68,723
	1%	2%	14%	15%	19%	49%
Flat 2009	752	1,143	8,568	9,946	13,454	39,714	73,577
	1%	2%	12%	14%	18%	54%
Change	15%	-12%	-10%	-5%	3%	18%	7%
Jump 2008	192	509	7,379	3,453	3,844	21,901	37,278
	1%	1%	20%	9%	10%	59%
Jump 2009	222	272	6,120	2,974	3,871	23,035	36,494
	1%	1%	17%	8%	11%	63%
Change	16%	-47%	-17%	-14%	1%	5%	-2%
Total Flat and Jump 2008	845	1,812	16,950	13,970	16,909	55,515	106,001
	1%	2%	16%	13%	16%	52%
Total Flat and Jump 2009	974	1,415	14,688	12,920	17,325	62,749	110,071
	1%	1%	13%	12%	16%	57%
Change	15%	-22%	-13%	-8%	2%	13%	4%