A group of leading UK bookmakers have agreed to donate all profits from the Britannia Stakes horse racing event later this month to a series of charities.
Flutter Entertainment (Paddy Power, Betfair and Sky Bet), bet365, Entain (Ladbrokes and Coral), William Hill, Kindred (Unibet), BetVictor, Betway, Rank Group (Grosvenor Sport), the Tote and Fitzdares have signed up to the initiative.
Profits from win and each-way bets, after levy and duties are deducted, will go to charity, while if bookmakers do not make a profit on the race, they will make a donation to the charities themselves.
Proceeds will be split between Prostate Cancer UK, Marie Curie, Care Radio and the three Armed Forces charities – the Royal Navy & Royal Marines Charity, Army Benevolent Fund and the RAF Benevolent Fund.
The initiative follows a similar fundraising drive for the race last year, when £250,000 (€290,951/$355,654) was handed over to charities.
This year’s Britannia Stakes will take place at Ascot Racecour..