BOOKIES are set to mark the Queen’s Platinum Jubilee by donating the profits from one of the races at Royal Ascot this week to charity.
All of the money made from tomorrow’s Brittania Stakes at the famous racecourse will be gifted to a number of top charities.
All profits made from win and each-way bets, once levy and duties are deducted, will be contributed to good causes.
And with up to 33 runners set to go to post in what is a huge field, plenty of money is expected to be raised for the nominated charities.
The Betting and Gaming Council have confirmed the money will be split between ABF – The Soldiers’ Charity, Sue Ryder, Ascot Racecourse Supports Community Fund, The Ivors Academy Trust and Cotswold Riding for the Disabled.
Even if no profits are made, bookies have agreed to make a donation to the charities.
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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 initiative to mark Her Majesty’s Jubilee.
The Queen herself is represented in the race in the form of three-year old cold Saga, ridden by Frankie Dettori.
A similar fundraising drive for last year’s Britannia Stakes at Royal Ascot raised £1.25 million for good causes.
Chief Executive of the BGC, Michael Dugher, 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.
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“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.”
Meanwhile Managing Director of Ascot racecourse Alistair Warwich 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.”