Participant Fees for British Horseracing Authority Going Up
The British Horseracing Authority plans to increase its participant fees starting in 2025.
Key Facts:
- The British Horseracing Authority is to increase its participant fees by 3.9% in 2025.
- The extra money will go towards administrative costs and improving race-day technology.
- Racing Digital Hub to launch in 2025, streamlining various processes for trainers and owners.
- The British Horseracing Authority aims to be transparent about where fees go.
The British Horseracing Authority (BHA) has confirmed a rise in participant fees of 3.9% for 2025. The fees will contribute towards improving the BHA’s cybersecurity systems and processes, improving the technology used on race days and enhancing various administrative processes.
A spokesperson for the BHA has said the following about the decision to increase fees:
A decision to increase fees is never something we take lightly. We recognize that this has an impact on individuals and businesses across our industry, those who own, train, ride and look after our horses and play an invaluable role in our collective success. We know that you too are facing rising costs and external pressures, and we are immensely grateful for your continued support for British racing.– Spokesperson from the British Horseracing Authority, BHA Comments on 2025 Price Rises, Gambling Insider
The spokesperson also used the opportunity to praise the owners of racehorses, who are very much the backbone of the industry:
We are especially grateful to racehorse owners, who continue to show unwavering loyalty despite a challenging economic period. Our sport would not be possible without your significant contribution. It is therefore essential that we work to ensure you feel valued and rewarded, through an improved owner experience and increased prize money returns.– Spokesperson from the British Horseracing Authority, BHA Praises Racehorse Owners, Gambling Insider
A portion of participant fees goes towards various good causes such as racehorse rehabilitation and racing charities. The BHA hasn’t said anything about this change, so it will likely be implemented when the fee rises.
Racing Digital Hub
The BHA is set to launch the Racing Digital Hub in 2025. This will make it easier for both trainers and owners to manage their finances and administrative processes in a more convenient and streamlined way. In short, it will make it easier for people to track their money.
The Racing Digital Hub will also offer full transparency as it will clearly explain exactly where a member’s fee is going. This should go some way to help the BHA build and maintain trust with its members. It should hopefully help the BHA justify its price rise as well.
