Levy income to the Horserace Betting Levy Board (HBLB) for the year ended March 31, 2026 is projected to be around £110 million. If confirmed, this would represent the highest total since the Levy collection reforms of 2017/18, marginally surpassing the 2024/25 figure of £109 million.The expected total is based on provisional end-of-year submissions received from the majority of Levy-paying bookmakers, which are currently undergoing HBLB's standard validation processes.Throughout the year, HBLB considered that, based on evidence to date and forecasting the rest of the year, the most likely Levy outcome would be up to £110 million. The final yield can therefore be regarded as at the upper end of the expected range.The year's pattern reflected a continuation – albeit at a materially slower rate – of the recent trend of lower betting turnover (amount bet) on British horse racing. Average turnover per race was down by 1.2% on 2024/25, compared to a 7.7% fall in 2024/25 versus 2023/24.Average turnover per race for 2025/26 was 9.2% below the three-year historic average (April 2022 to March 2025) and 19% lower than in 2021/22.HBLB chief executive Alan Delmonte said, “This financial outturn provides the Board with confidence in the expenditure commitments already made for 2026, as well as flexibility in options for 2027.“The Board has noted previously that with turnover falling, there is concern as to the sustainability of maintaining gross win, and therefore Levy, at around current levels. The Board has nonetheless been able to commit to expenditure of around £113 million in the current Levy year, balancing a desire to provide additional funding in targeted areas with ensuring that reserves remain in place to give a cushion should Levy yield fall.“There remains significant concern about the downward trend of recent years, including the reported increase in black market betting activity which continues to threaten the sport's viability in the longer term.”He added, “For the 2026/27 Levy year, the Board's starting assumption is a Levy yield of £109 million, based on a combination of 2025/26 outturn and the confirmed advance payments on account for the year agreed with individual bookmakers. This will be reviewed regularly throughout the year as new information becomes available.“We are grateful to bookmakers who have made their end-of-year submissions in good time and thank those who have voluntarily provided data throughout the year which has been invaluable in supporting HBLB's betting analysis.”The post Levy Yield of Around £110 Million Projected for 2025/26 appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.