GambleAware is a British charity that protects people from gambling harm. It shared information about the donations it received during the first three quarters 2022/23 fiscal year.
GambleAware received donations from many companies
The charity provided a complete list of benefactors and stated that it had received a total of PS13,209805 (current conversion rates: $16,318,204) between April 1, 2022, and December 20, 222. These funds were provided by voluntary donations from companies within the industry.
Entain and bet365 were the two largest contributors. These two gambling giants contributed more than 90.4% to GambleAware’s total funds received in the last nine months. Entain, the operator of Ladbrokes, donated $8.6 million. Bet365 donated $4.9 million through its three local brands.
The remaining 9.6% was contributed by other operators. GambleAware has a complete list of all the operators and their donations.
As part of a British Betting and Gaming Council initiative (BGC), the four largest operators in the United Kingdom have increased their donations since 2020. This union aims to increase industry funding for research, prevention, and treatment of problem gambling. GambleAware was therefore asked by the BGC to ask the four largest operators to donate 1% of their profits.
Other operators will also be expected to donate by March 31. The BGC requires companies that make a profit from gambling to give 0.1% annually to charity. For smaller companies earning less than $308,000 per year, they only need to donate $308. GambleAware stated that the UKGC would report the full list of contributions in April.
The Charity Promises Transparency in the Use of Funds
GambleAware stated that all donations go to activities that meet its commissioning goals. GambleAware strives to be transparent and accountable and ensure that all funds are properly used. GambleAware recently published its commissioning intentions. It outlines its strategy for the National Gambling Treatment Service’s commissioning.
GambleAware reminded its readers that its intentions to commission support the delivery of its Organizational Strategy. The charity’s approach is based on its knowledge of the resources required to provide British bettors with the necessary resources. GambleAware stated that it seeks out the most cost-effective, impactful, and efficient methods.
The charity ended its statement calling for the introduction of a mandatory levy. Many experts, including GambleAware, support the introduction of a mandatory 1 percent levy to replace voluntary donations. This is as Britain’s gambling sector awaits long-overdue regulation. This would allow it to increase its efforts and provide better treatment.