The aim was to highlight the continuing relevance and benefits of the tote model for customers, governments, regulators and the racing industry, and discuss the challenges and opportunities for the sector in the future.
In UK, the ongoing Gambling Act review is the perfect moment to advocate the benefits of the tote system, in France, only tote betting is allowed for horseracing and it promotes a fair system with neutral operators.
In Finland, both tote and fixed-odd betting are offered and it brings new customers to horserace betting. The north American market is also changing, with new legislations adopted recently in Canada and US States. The panelists presented the various opportunities to consider in the changing legal and commercial environment.