French Horse Racing Industry Strikes Over Proposed Tax Hike

Despite the rejection of an amendment to increase taxes on horse race betting, the industry fears future fiscal threats and stages a rare protest.

The horse racing sector in France has canceled all races scheduled for November 7, marking a rare strike to protest proposed tax increases on betting.
The proposed amendment, which was rejected by the National Assembly, aimed to raise taxes on physical betting from 6.9% to 7.5% and online betting to 15%.
Industry leaders warn that the tax hike would lead to a €35 million annual revenue loss, threatening jobs and the viability of the agricultural sector linked to horse racing.
The protest includes a demonstration in Paris, with thousands expected to march from Place Denfert-Rochereau to Place Vauban, underscoring the industry's determination to oppose fiscal changes.
Although the immediate threat has been averted, the industry remains vigilant, fearing the return of similar proposals during Senate discussions or future budgetary processes.