Levy fees are typically charged on the total revenue or turnover generated by betting companies. These fees are used to fund sports-related activities, such as supporting athletes, maintaining sports facilities, or financing regulatory bodies. The amount of the levy can vary depending on the jurisdiction and can impact the profitability of betting operators, often influencing the odds and payouts offered to bettors.
Levy Example
For example, in the UK, bookmakers are required to pay a levy to support horse racing, which is a major part of the sport’s funding.