Racing Media Group (RMG) will pay its racecourse shareholders a record £117.6m from its commercial activities generated in 2022, despite what it said were headwinds created from the UK Government’s review into gambling.
The payment from the umbrella body to 35 racecourses comes from its media and data rights that include live streaming of race meetings to betting shops, its television channel Racing TV and a deal with ITV for horseracing coverage. The payment is up on the £110m in 2021.
Last week the UK Government published its review of the 2005 Gambling Act with a white paper setting out a series of proposals including financial risk checks for online betting and enhanced checks for those gambling aged between 18 and 24.
