@BillThornes going back to your question, the honest answer is that racing was carved out because racing is treated as a sport with a heritage attached and slots are treated as a product. Once policy decides something is a product rather than a culture, it becomes taxable in a way the other thing isn't.
Whether that distinction survives the 25% coming in next April is a different question. Sports betting funds racing too, and the exemption only covers bets on UK racing. Bet on a French card and you're in the 25%.
Whether that distinction survives the 25% coming in next April is a different question. Sports betting funds racing too, and the exemption only covers bets on UK racing. Bet on a French card and you're in the 25%.