Britain's Biggest Betting Operators Pledge to Donate All Profits from Royal Ascot's Britannia Stakes to Charity

Strategic Insights -

Britain's top betting operators have once again committed to donating all profits from the Britannia Stakes at this year's Royal Ascot to charity. The initiative, led by the Betting and Gaming Council (BGC), involves Flutter Entertainment, bet365, Entain, William Hill, Kindred, BetVictor, Betway, Rank Group, the Tote, and Fitzdares. Despite potentially making a loss from the race, the operators have agreed to donate £250,000 to Prostate Cancer UK, Marie Curie, the three Armed Forces charities, and Care Radio, mirroring last year's donation.

Key Takeaways:

  • 10 major betting operators have pledged to donate all profits from the Britannia Stakes at Royal Ascot to charity, including Flutter Entertainment, bet365, Entain, and William Hill.
  • Prostate Cancer UK, Marie Curie, the three Armed Forces charities, and Care Radio will benefit from the donation, even if the operators make a loss from the race.
  • Last year, the operators donated £250,000 to charity, despite making a loss from the Britannia Stakes.
  • The BGC's Michael Dugher praised the operators for their commitment to charitable giving, highlighting the importance of betting companies supporting vital causes.
  • Ascot's managing director, Alastair Warwick, expressed delight that charities would again benefit from betting on the Britannia Stakes, with the aim of raising significant funds at a time when charity fundraising efforts have been impacted by Covid-19.
  • The bookmakers will donate all profits after levy and duties are deducted, with the race taking place on Gold Cup day on June 17.

Statistics:

  • 10 major betting operators have pledged to donate their profits from the Britannia Stakes to charity.
  • £2.9 million was raised for NHS charities through the Virtual Grand National event during the first lockdown.
  • £250,000 was donated to charity last year, despite the operators making a loss from the Britannia Stakes.
  • The Britannia Stakes takes place on Gold Cup day on June 17.

Sources:

  • Betting and Gaming Council (BGC)
  • Flutter Entertainment
  • bet365
  • Entain
  • William Hill
  • Kindred
  • BetVictor
  • Betway
  • Rank Group
  • the Tote
  • Fitzdares
  • Prostate Cancer UK
  • Marie Curie
  • Care Radio
  • Ascot (Royal Ascot)