Betfair in 'historic' deal with British Racing

Online betting exchange Betfair has signed a landmark five-year commercial deal with British Racing, which is comprised of the British Horseracing Authority (BHA), the Racecourse Association and the Horsemen's Group.

Online betting exchange Betfair has signed a landmark five-year commercial deal with British Racing, which is comprised of the British Horseracing Authority (BHA), the Racecourse Association and the Horsemen's Group.

The deal, which is worth at least £40m to the sport, will see Betfair pay British Racing 10.75% of all revenues on the sport from its UK customers.

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