The Swedish Trade Association for Online Gambling, BOS, has supported the Gambling Market Inquiry’s rejection of a potential horse racing levy.

A proposal to introduce a five percent betting levy had been seen by horse racing industry figures in Sweden as a means to distribute funds to the sector.

However, the Gambling Market Inquiry rejected the proposal in its entirety, a decision which has received the approval of BOS.

“We agree with the Gambling Market Inquiry’s conclusion to reject this proposal. We do this based on both principal as well as practical reasons,” said Gustaf Hoffstedt, Secretary General of BOS.