Sportsbook Financial

BRC Members Donate Royal Ascot Profits to Charity

Despite suffering a loss at the event, bookmakers will nevertheless make a sizable donation to UK charities.

Following Royal Ascot, A portion Of The £277,000 Donated By BGC Members Will Go To Charity.
Following Royal Ascot, A portion Of The £277,000 Donated By BGC Members Will Go To Charity.

Members of the Betting and Gaming Council (BGC), including Flutter, bet365, and Entain, have fulfilled their commitment to donate all earnings from the Britannia Stakes race at Royal Ascot and will now pay a combined £277,000 ($352,000) to be divided among six UK charities. 

The race raised £1.2 million for chosen charity the previous year, but when the final results showed it had been a loss overall, the bookmakers determined they would still ensure the charities didn't go without. 

BGC Chief Executive Michael Dugher said:

"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." 

BGC members have now contributed to the Britannia Stakes race's winnings for the fourth consecutive year. 

SportsAid's chief executive, Tim Lawler MBE, stated: 

"We are very grateful for this substantial donation. "And we are very proud to have been involved with such an exciting initiative as part of the prestigious and quintessentially British Royal Ascot meeting." There have been other occasions where an event left charities with less money than they had hoped for. 

Earlier this year, William Hill said that it would contribute every penny from the Eurovision Grand Final to the charity Support Ukraine. Swedish competitor Loreen, the bookmaker's choice, took home the prize, and William Hill declared it would donate £200,000 to the organisation. 

This was true even though the numbers showed a 23% rise in betting on the event from the prior year.

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iGaming News • United Kingdom