Betfair and BHA agree five-year £40m funding deal

Betfair have signed a commercial agreement with the organisers of British racing, promising at least £40million worth of funding over the next five years.

Following meetings with the British Horseracing Authority, the Racecourse Association and the Horsemen’s Group, the betting exchange will pay 10.75% of all revenues on the sport from their UK customers.

This is in exchange for commitments from the sport concerning a minimum number of fixtures per year and optimising the amount of betting opportunities.