The Chancellor is hoping to raise around £1billion in taxes but sources involved in horse racing fear that any hit on the gambling sector will have a knock-on effect View 3 Images Many people in the UK enjoy a flutter on the horses [stock] (Image: AFP via Getty Images)

Horse racing looks set to dodge Rachel Reeves’ gambling tax grab . The sport of kings will reportedly be let off by the Chancellor as she prepares to hit slot machines and online gaming with harsher hikes instead. ‌

She hopes to rake in around £1bn with the hefty levies, although no final call has yet been made on it. But insiders claim any hit on the betting industry will still have a domino effect on racing. ‌

One said: "The Treasury just doesn't get it. You don't protect horse racing by taking £1bn f

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