Royal Ascot Britannia Stakes Betting Raises £277k for Charity
LISTEN TO THIS ARTICLE:Last week, members of the Betting and Gaming Council (BGC) promised to donate all profits from the Britannia Stakes race at Royal Ascot to charity and in total, they gave £277,000 to split between six UK charities.
Last year an incredible £1.2 million was raised for charity. However, this year, when the race resulted in an overall loss for bookmakers such as bet365, Entain, and Flutter, the companies agreed to make a donation to ensure that the charities still received some money.
It’s great news that BGC members have once again made such a huge donation to a range of good causes. I am sure that the money we raised will once again make a massive difference to the incredible work done by all the charities involved. I am delighted that BGC members have now raised close to £6m for charities up and down the country.
This is the fourth consecutive year that BGC members have donated profits from the race. The donation was welcomed by Tim Lawler MBE, the Chief Executive of SportsAid, who said that they are “very grateful” and “very proud to have been involved with such an exciting initiative as part of the prestigious and quintessentially British Royal Ascot meeting.”
This is not the first time that an event has produced a smaller donation than expected. Earlier this year, William Hill agreed to donate all of its profits from the Eurovision final to the charity Support Ukraine. When the results were revealed, William Hill announced that it would be donating £200,000 despite the fact that betting on the event was up 23% year-on-year.
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