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Updated by Ralph Trayfalgar
The UK’s bookmakers have pledged to donate all proceeds from the Britannia Stakes race at Royal Ascot to charity, in celebration of the Queen’s Platinum Jubilee.
Members of the Betting and Gaming Council will contribute their revenues from the Britannia Stakes race, which took place on June 16th, to some of the most reputable organizations in the United Kingdom. In a report from the BGC, these donations are to be provided by participating bookmakers, including bet365, Entain, and William Hill.
ABF: The Soldiers’ Charity, Sue Ryder, The Ivors Academy Trust, Ascot Racecourse Supports Community Fund, and Cotswold Riding for the Disabled are some of the organizations that fall under this category.
“Sue Ryder is delighted to be chosen to be one of the charities that benefit from the Britannia Stakes at the Royal Ascot to celebrate the Queen’s Jubilee,” said Caroline Graham, Director of Fundraising at Sue Ryder.
“Her Majesty has been Sue Ryder’s patron since 1993, so it makes it even more special to be one of the charities involved this year.”
After taking into account levies and tariffs, the participating companies will give their whole winnings from win and each-way bets placed on the big-field historic handicap. In the event that any of the gambling companies do not earn a profit from their participation, they have committed to making a charitable contribution regardless.
This campaign is a continuation of the fundraising push that took place for the Britannia Stakes the previous year, which resulted in $1.57 million (or £1.25 million) being raised for charitable organisations.
“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,” said Michael Dugher, the CEO of the BGC.
“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.”