Horse racing is funded by a levy of betting operators. They all – whether they operate on or off-course, on or offline or on or offshore – pay 10pc of their profits to British racing. The bookies all chaff and complain about his. But ultimately, without horse racing, there is no gambling; and without the levy, there is no horse racing.
The relationship between gambling and football is not quite as symbiotic as that between gambling and horse racing but it’s getting there. Nine of the 20 Premier League teams and 17 out of 24 Championship teams are now sponsored by gambling companies.
Football would, of course, survive without gambling. And gambling would survive without football – especially with the vast US sports market gradually being opened up to betting.