Horseracing and betting are going through turbulent times. To take some examples: the government has legislated
to cut the maximum stake on FOBTs from £100 to £2 – a move which is predicted to bring about the closure of
many betting shops and which will, in turn, lead to a reduction in racecourses’ media rights revenues and pressure
on racing’s funding and prize money in particular. Online and mobile betting increasingly dominates, an iconic
moment being the decision by William Hill to dispose of all its racecourse pitches.