The France Galop 2026 budget was approved by the Board of Directors on Friday, July 17. The budget had been debated by the committee on Thursday, July 16.The presentation and adoption of the budget are taking place unusually during the 2026 financial year. The situation stems from the validation schedule for the PMU budget–the primary source of funding for the French horse racing industry–against a backdrop of recent changes of governance.The budget was prepared in an environment with significant economic constraints, driven by a drop in PMU revenue allocated to France Galop of approximately €60 million. This decrease in PMU contributions is a result of structural decline in betting volumes, as well as by investments made by the governing bodies to revitalise horse racing and sports betting.France Galop has initiated structural measures aimed at sustainably adapting its economic model. The measures implemented will reduce France Galop's expenses by over €30 million in 2026. Guillaume de Saint-Seine, president of France Galop, said that there would be no further required reductions to incentive payments in 2026.Overall, the €60 million drop in PMU revenue is being partially offset, resulting in a €33 million budget gap in France Galop's accounts and a projected deficit of approximately €45 million for 2026.The post France Galop Budget Approved For 2026 appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.