BGC Members to Donate Britannia Stakes Profits to Charity

After subtracting taxes and fees, participating bookmakers will distribute all winnings from straight-up and each-way bets.

BGC Members to Donate Britannia Stakes Profits to Charity

The Britannia Stakes race at this year's Royal Ascot will again generate money for charity, according to a statement from the Betting and Gaming Council.

After subtracting taxes and fees, participating bookmakers will distribute all winnings from straight-up and each-way bets. A combined £250,000 payment will be made by bookmakers who lose money on the race, which will be divided among the nominated organisations for this year.

The following companies have committed to the project: Flutter Entertainment, Tote (Paddy Power, Sky Bet, Betfair), Bet365, Entain (Ladbrokes and Coral), William Hill, 888, Kindred (Unibet), Rank Group, Betway (Grosvenor Sport), Fitzdares, Virgin Bet, LivescoreBet, and Bet with Ascot.

The money will be distributed among the Holocaust Educational Trust, the Cystic Fibrosis Trust, the Ascot Racecourse Supports, SportsAid, the SAS Regimental Association and Together for Looked After Children.

The campaign, which debuted in 2020, raised £1.2m (€1.4m/$1.5m) for charity in the previous year. The handicap race will take place on June 22 at Ascot Racecourse as a part of Royal Ascot, one of the most important events in British horseracing.

Deserving causes Michael Dugher, the chief executive of BGC, said:

"I am once again delighted that the BGC's largest members are helping celebrate the King's coronation by raising vital funds at the Royal Meeting for some of the country's top charities."

"It is also a fitting tribute to the late queen, Elizabeth II, whose passion for horse racing was renowned, having bred multiple successful horses and clocking up 1,800 winners in her time."

"Tens of millions of people up and down the country enjoy a flutter each month, and I'm proud that betting companies will once more donate their profits from one of Royal Ascot's top races, the Britannia Stakes, to go towards some great charities."

Alastair Warwick, the chief executive of Ascot Racecourse, continued:

"It is fantastic news that the leading bookmakers will once again be donating all profits from the Britannia Stakes to charity.

"The money raised since 2020 has been extremely well received, including by our own Ascot Racecourse Supports programme. The contributions have enabled us to support some extremely worthy causes and carry out important work in the community."