The Secretary of State has confirmed the appointment of Catherine Colloms as a new Member of the Horserace Betting Levy Board (HBLB), effective for a four-year term. This strategic move places a new voice on the board responsible for collecting a statutory levy from betting operators and distributing these funds to support the British horseracing industry.
The HBLB plays a crucial role in the financial health and sustainability of horseracing in the UK. Its primary function is to collect a percentage of gross profits from bets placed on British racing, both in the UK and internationally, and then allocate these funds towards various initiatives within the sport. This includes prize money, integrity services, veterinary research, and the welfare of horses.
The appointment of board members, including the Chair, is made by the Secretary of State for Culture, Media and Sport. These appointments are designed to ensure a broad range of expertise and perspectives are brought to the table, reflecting the diverse interests within the racing and betting sectors. Members typically possess backgrounds in areas such as finance, law, media, or sports administration.
Ms Colloms' term will see her involved in critical decisions regarding the allocation of millions of pounds annually, directly impacting racecourses, trainers, owners, jockeys, and the wider rural economy that relies on horseracing. The board's work is vital for maintaining the UK's position as a leading global centre for the sport, supporting its heritage and future development.
While the announcement does not detail Ms Colloms' specific background, appointments to such bodies are typically based on an individual's proven track record and ability to contribute to the organisation's objectives. Her involvement will be keenly watched by stakeholders across the horseracing and betting industries, as the HBLB continues to navigate the evolving landscape of online betting and changing consumer habits.
The Horserace Betting Levy Act 1961 established the HBLB, and its structure and function have evolved over the decades to adapt to changes in the betting market. The levy system ensures that those who profit from the sport contribute to its infrastructure and welfare, creating a circular economy that benefits all participants.
Source: Secretary of State