The Betting and Gaming Council (BGC) has donated almost £1.25 million to a number of charities, donating the full profit from the Britannia Stakes race, which took place on the 17th of June during the Royal Ascot festival.
Flutter Entertainment (Paddy Power, Betfair, Sky Bet), bet365, Entain (Ladbrokes, Coral), William Hill, Kindred (Unibet), BetVictor, Betway, Rank Group (Grosvenor Sport), and AnzoGroup (Livescore Bet and Virgin Bet), as well as the Tote, Fitzdares, and Sporting Index, are among the participants in the initiative.
The pledge was made on June 1st, and it includes income from both win and each-way bets after the duties and charge were discovered. Furthermore, all participating operators agreed that even if no profit was earned, a donation would be given.
Furthermore, the overall money raised is a significant increase over the philanthropic donation of £250,000 made following last year’s Britannia Stakes.
Michael Dugher, Chief Executive of the BGC said: “I am absolutely thrilled by the amount raised by this fantastic initiative at Royal Ascot.
“This money will make a huge difference to the incredible work done by the charities involved.
“I’d like to thank all the BGC members who took part – as well as their customers who enjoyed a flutter on the race – for their generosity in supporting some really great causes.”
After 18/1 shot Peretto, ridden by Oisin Murphy, won the meeting, the £1.25 million will be split between Prostate Cancer UK, Marie Curie, three Armed Forces charities, and Care Radio.
The Royal Navy & Royal Marines Charity, the Army Benevolent Fund, and the RAF Benevolent Fund are the three Tri-forces charities that will benefit from the event.
Susan Boissier, Head of Special Events, Marie Curie said: “We’d like to thank the Betting and Gaming Council members for this incredible donation, which enables us to support people across the UK through our frontline nursing and hospice care and support services.
“Our fundraising has been impacted by coronavirus and it’s thanks to generous initiatives such as this that we are there for people and to help improve everyone’s experience at the end of life.”
Ascot Racecourse’s Managing Director, Alastair Warwick, added: “We’re delighted that Royal Ascot has once again played a part in raising valuable funds for these deserving charities.
“I know this fantastic initiative from the betting industry is hugely appreciated and the money will be used for some extremely worthwhile causes.”