The Betting and Gaming Council has announced that some of its members are again donating profits from the Britannia Stakes at this year’s Royal Ascot race to charity.
After deducting levy, duties and taxes, participating bookmakers will give all profits made on win and each-way wagers. The bookmakers who do not make any profit will donate a total of PS250,000, which will be divided among the nominated charities for this year.
All of the following companies have committed to this initiative: Flutter Entertainemnt, Rank Group, Fitzdares, LivescoreBet and Tote.
The funds raised will be divided between SportsAid and the Holocaust Educational Trust.
Last year, , the initiative that launched in 2020 raised PS1.2m (EUR1.4m/$1.5m).
Royal Ascot is a major event on the British horseracing schedule that takes place every year at Ascot Racecourse.
BGC Chief Executive Michael Dugher stated, “I am delighted once again that BGC’s biggest members will help celebrate the King’s Coronation by helping raise vital funds at Royal Meeting for some the country’s leading charities.”
It is also a fitting homage to Queen Elizabeth II, whose passion for racing horses was well-known. She bred many successful horses during her lifetime and racked up 1,800 victories.
The betting companies have once again donated their profits from the Britannia Stakes race, one of Royal Ascot’s most prestigious races, to some wonderful charities.
Ascot Racecourse’s chief executive, Alastair warwick, said: “It’s fantastic news that leading bookmakers are once again donating to charity all profits generated by the Britannia Stakes.”
The money raised by Ascot Racecourse Supports since 2020 was well received. We have been able to carry out some important community work and support some very worthy causes thanks to the contributions.