Horserace Betting and Olympic Lottery Act 2004
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Long titleAn Act to make provision for the sale of the Tote; to make provision for the abolition of the horserace betting levy system; to make provision for the establishment of National Lottery games designed to raise money in connection with the hosting by London of the Olympic Games in 2012; and for connected purposes.
Territorial extentUnited Kingdom[b]
Royal assent28 October 2004
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The Horserace Betting and Olympic Lottery Act 2004[a] (c. 25) is an act of the Parliament of the United Kingdom.
Horse racing
The act allowed for the sale of the Horserace Totalisator Board (Tote) to Betfred which had certain conditions.[1] The sale of the Tote was delayed due to a European Commission investigation and the 2008 financial crisis.[2][3]
The act also abolishes the Horserace Betting Levy Board.[4] The Tote lost its monopoly on pool betting.[5]
Olympic Lottery
The act allowed for the establishment of the Olympic Lottery Distribution Fund if the United Kingdom was successful in its bid to host the 2012 Summer Olympics.[6]
Section 40 - Commencement
The following orders have been made under this section:
- The Horserace Betting and Olympic Lottery Act 2004 (Commencement No. 1) Order 2004 (SI 2004/3283 (c. 149))[7]
- The Horserace Betting and Olympic Lottery Act 2004 (Commencement No. 2) Order 2005 (SI 2005/1134 (c. 52))[8]
- The Horserace Betting and Olympic Lottery Act 2004 (Commencement No. 3) Order 2005 (SI 2005/1831 (c. 78))[9]
- The Horserace Betting and Olympic Lottery Act 2004 (Commencement No. 4) Order 2011 (SI 2011/462 (c. 17))[10]
- The Horserace Betting and Olympic Lottery Act 2004 (Commencement No. 5) Order 2011 (SI 2011/1704 (c. 64))[11]
