Horserace Betting Levy Board
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Current Document: Prize Money
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HBLB’s allocation to Prize Money for 2014 is £56.4m (2013: £50.2). The additional £6.2m prize money allocation in 2014 against 2013 includes an uplift of £1.7m on comparable prize money headings and assumes that all of the £4.5m from the new Incentive Fund agreed between the four largest retail bookmakers and Racing will be spent on prize money in the course of the year.
As well as HBLB's contribution (which also includes the Divided Race Fund and the Quality Support Fund); Prize Money for racing is contributed by racehorse owners, racecourses and sponsors. The HBLB's contribution comprises some 40% of the total Prize Money pool.
|HBLB (main prize money pool)||22,083,525||12,174,085||34,257,610||35.0%||19,703,499||12,697,868||32,401,367||34.5%|
|HBLB Divided Race Fund||1,273,300||153,750||1,427,050||1.5%||774,393||125,800||900,193||1.0%|