Bookmakers agree funding deal for horse racing


LONDON (Reuters) - Bookmakers will pay a broadly unchanged total of 72.9 million pounds to fund British horse racing in 2013/14 after agreeing to maintain the terms of an annual levy to help the sport.

The three largest bookmakers -- William Hill, Ladbrokes and Gala Coral -- have agreed to contribute at least 45 million pounds of the total. The sum also includes an estimated 7 million pounds from betting exchange operator Betfair plus contributions from smaller betting firms.

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