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Home In Depth Analysis

GambleAware donates to Bet365 in the first three quarters

igw by igw
January 25, 2023
in Analysis, Casino, Data & Statistics, Finance
Reading Time: 2 mins read
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GambleAware has received PS13.2m in donations (EUR14.9m/$16.3m), from the gambling industry, during its first three quarters 2022-23 financial years. This is a 17.5% decrease on the previous year.

This figure includes voluntary donations from the market and additional donations. However, the charity stated that it did not include any income from regulatory settlements. In the first 3 quarters of 2021-22, the total was less than PS16.0m.

Ladbrokes Coral, which donated a total PS7.0m to charity over the nine-month period was the largest contributor.

Hillside, which is also known as Bet365, pledged PS2.4m, PlayStation1.7m, and PS907,000 in three separate pledges, bringing its total donation to the quarter to more than PS5.0m.

Petfre (trading as Betfred) donated PS92,541 and a further PS50,000 from its Done Brothers UK-facing division.

Star Racing donated PS82,172; GAN’s UK business donated PS71540, and Virgin Bet gave PS68,157.

Casumo also pledged PS62,378, Betway P43,400 and InTouch P42,300 to Casumo. Videoslots PS40,000 was also included. City Gaming PS363,378 was also included.

All gamblers are required to give a minimum 0.1% of their annual gross gambling income (GGY) each and every year. Those with a GGY less than PS250,000 are requested to donate at least PS250.

Operators still have time until 31 March 2023, the end of GambleAware’s 2022-23 financial years, to make a donation.

GambleAware stated that all funds donated to GambleAware are used for activities that meet the charity’s commissioning goals. “We recently published our Commissioning Intentions as part of our transparency and accountability. This outlines our strategy for commissioning the National Gambling Treatment Service.

These commissioning intentions support our Organisational Strategy delivery and are based upon a solid understanding of the population and the outcomes that we need to achieve to ensure the best cost-effective and most impactful use possible of our resources.

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