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Bookmakers Association to Celebrate Queen’s Platinum Jubilee by Donating Profits From Flagship Royal Ascot Race

June 5, 2022 | Bookmakers

LONDON, U.K. (June 1, 2022) — Britain’s bookmakers will mark this year’s Queen’s Jubilee by donating all profits from the Britannia Stakes race at Royal Ascot to some of the UK’s top charities.

ABF – The Soldiers’ Charity, Sue Ryder, Ascot Racecourse Supports Community Fund, The Ivors Academy Trust and Cotswold Riding for the Disabled will all benefit from the Britannia Stakes, which takes place at Royal Ascot on June 16.

Betting and Gaming Council members Flutter (Paddy Power, Betfair, Sky Bet), bet365, Entain (Ladbrokes, Coral), William Hill, BetVictor, Kindred (Unibet), Betway, Rank Group (Grosvenor Sport), Virgin Bet, Tote, Fitzdares and Bet with Ascot have all signed up to the fundraising initiative.

They will hand over all profits they make from win and each-way bets, after levy and duties are deducted, on the big-field heritage handicap.

And if they do not make a profit on the race, the operators have agreed to make a donation to the charities.

It follows the success of last year’s Britannia Stakes fundraising drive, when £1.25 million was raised for a range of good causes.

The BGC hopes the initiative will help punters enjoy a race where, even if they lose, charities are guaranteed to win.

Michael Dugher, Chief Executive of the BGC, said: “I am absolutely delighted that the BGC’s largest members are once again raising vital funds at the Royal meeting for some of the country’s top charities, especially in this the year of the Queen’s Jubilee.

“Her Majesty’s passion for racing is known across the globe. It’s a sport that has the power to bring people together and Royal Ascot is one of the great highlights of the calendar. Millions of people enjoy a flutter and I’m proud that betting companies will donate their profits from one of Royal Ascot’s top races, the Britannia Stakes, to go towards some great charities. I am once again indebted to everyone at Royal Ascot for their continued support”.

Alastair Warwick, Managing Director, Ascot Racecourse, said: “We are delighted that Royal Ascot will once again play 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.”

See the entire press release here.

SOURCE: Betting and Gaming Council.

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