Racecourse Media Group (RMG) has announced it will pay £117.6m (€133.3m/$147.0m) to British racecourses from the sale of their media and data rights in 2022.
Payments were derived from a range of RMG businesses including via betting shops, online bookmaker streams, the Racing TV pay TV channel, international betting, non-betting distribution, the mainstream TV agreement with ITV and data sales.
The payment total represents a 6.9% increase from £110.0m paid out in the previous year.
“The RMG model has once again proved to be resilient and reliable – in the face of significant challenges – producing record results, and performing ahead of expectations,” RMG chairman Roger Lewis said.
“The results are a testimony and tribute to the vision and dedication of those racecourses who came together and stuck together to create, grow and develop the RMG business.”
Lewis will step down from the RMG board this year and will be replaced by former Flutter UK and Ireland chief executive Conor Gra..