In celebration of the King’s Coronation, several British bookmakers have pledged to donate their profits from the Britannia Stakes race to selected charities. This philanthropic gesture will take place during the Royal Ascot, an esteemed horse racing event scheduled for 22 June 2023. The participating bookmakers, who are members of the Betting & Gaming Council (BGC), include Betway, bet365, Bet with Ascot, Entain, Fitzdares, Flutter, Kindred, LivescoreBet, Rank Group, Tote, Virgin Bet, William Hill, and 888. The funds raised through this initiative will benefit various charitable organizations, such as Ascot Racecourse Supports, Cystic Fibrosis Trust, Holocaust Educational Trust, SAS Regimental Association, SportsAid, and Together for Looking After Children.
Charitable Contributions and Last Year’s Success:
The bookmakers’ decision to donate their profits from the Britannia Stakes race demonstrates their commitment to social responsibility and supporting worthy causes. Last year’s donations from the race totaled an impressive £1.2 million. To ensure that the charities receive substantial contributions, participating bookmakers have agreed that in the event of a loss, they will collectively donate £250,000, which will be distributed among the chosen organizations.
The Importance of the Royal Ascot and Queen Elizabeth II’s Legacy:
The Royal Ascot holds great significance in the British horse racing calendar, and the generous contributions made by bookmakers during this prestigious event further enhance its impact. The occasion also serves as a fitting tribute to the late Queen Elizabeth II, who was renowned for her passion for horse racing. As an avid breeder and owner, she achieved remarkable success with multiple winning horses, accumulating an impressive record of 1,800 victories throughout her lifetime. The bookmakers’ donations in her honor reflect the enduring legacy of Queen Elizabeth II and her unwavering commitment to the equestrian world.
Supporting Charitable Causes and the Betting Industry:
The participation of leading bookmakers in this philanthropic endeavor exemplifies their dedication to supporting important causes that positively impact society. The British betting industry plays a significant role in generating revenue and offering entertainment to millions of people across the country. By donating profits from the Britannia Stakes race, bookmakers demonstrate their commitment to giving back to the community and using their platform for the greater good. This initiative highlights the positive social impact that can be achieved when industries and charitable organizations collaborate.
Gratitude to Ascot Racecourse and Future Outlook:
Michael Dugher, CEO of the BGC, expressed his gratitude to Ascot Racecourse for their continued support and partnership in making this charitable initiative possible. He commended the significant contributions of the BGC’s largest members, acknowledging their efforts to raise vital funds for esteemed charities during the Royal Meeting. The commitment of these bookmakers to donate their profits exemplifies their dedication to responsible gambling and corporate social responsibility. As the Royal Ascot approaches, the anticipation builds for another successful fundraising campaign that will benefit deserving charities and contribute to positive change within society.
The collaboration between British bookmakers and Ascot Racecourse to donate profits from the Britannia Stakes race to chosen charities represents a commendable initiative in honor of the King’s Coronation. This philanthropic gesture showcases the betting industry’s commitment to social responsibility and highlights the positive impact it can have on communities. By supporting charitable organizations, bookmakers demonstrate their dedication to making a difference and embody the spirit of Queen Elizabeth II’s legacy in the horse racing world. As the Royal Ascot approaches, the stage is set for another successful fundraising endeavor that will positively impact the lives of many and foster a culture of giving within the industry.