Call for 1% betting levy to help racehorse retirement

racing-training3aAustralia’s Coalition for the Protection of Racehorses is calling for a 1 percent betting levy to improve retirement options for thoroughbred racehorses.

The group says the fate of thoroughbreds after their racing career is one of the biggest animal welfare issue facing the Australian racing industry.

The coalition has submitted a proposal to the Australian racing industry calling on it to use 1 percent of all betting turnover to establish a retirement plan for horses.

Alongside it, the proposal calls for other measures, such as a reduction in breeding, to stem the issue of wastage, and in the long-term to end the slaughter of thoroughbreds.

The levy would result in $A143 million annually being given back to racehorses, it says.

It believes such a measure could bring to an end the slaughter of thoroughbreds.

The coalition says a reduction in breeding, with stallion breeding caps and improved stallion and broodmare selection, would be part of the strategy.

It also wants a 1 percent levy on prize money and a foal registration levy to reduce what it calls indiscriminate breeding.

The industry, it says, could introduce a re-homing incentive scheme to encourage current owners and trainers to re-home their horses.

Initiatives could be introduced to increase the popularity of thoroughbreds after their racing lives.

It also proposed an immediate $A10 million injection into existing racehorse re-homing organisations to increase their current capacities.

3 thoughts on “Call for 1% betting levy to help racehorse retirement

  • January 10, 2014 at 11:12 am

    When will racing people understand that “turnover” is not punters “expenditure” (aka “gross revenue”)? Any claims for levies should be against punters “expenditure” and not “turnover”.

  • January 11, 2014 at 5:30 am

    This is a no brainer idea. 1% is pittance and will make all the difference in the lives of the horses that have made people so much money. This needs to get done. It is moral and it is fair and it is the right thing to do.

  • January 11, 2014 at 7:45 am

    The bookies are doing well, whatever way you count it. No wonder that the bookie’s daughter I went to school with was nicknamed ‘Moneybags’.


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