Further supplementary memorandum from
the Federation of Racecourse Bookmakers
The RCA stated at the oral evidence session
that the average list position is worth £6,000. This is because
the large number of pitches on the periphery of the racecourse
are worth very little (as low as £90) and so massively skew
this figure.
As I know you are aware, before the RCA's announcement,
the NJPC valued list positions at around £70 million. With
around 600 on-course bookmakers—that averages out at over
£100,000 per bookmaker. On-course bookmakers stand to lose
a lot more than the RCA depict with the £6000 figure.
November 2007
| 
