British charities lose out as under fire bookmakers drop Royal Ascot support (opens original article in a new tab)

British charities miss out on £500,000 in donations from Royal Ascot as bookmakers stop supporting a charity race initiative amid industry challenges.

• British charities lose nearly £500,000 in donations from Royal Ascot due to bookmakers ending support for a charity race initiative.
• Bookmakers like Betfair and Ladbrokes paused donations to charity races as the gambling sector faces higher taxes and stricter regulations.
• Horse racing in Britain relies on £350 million annual funding from the betting industry, with some bookmakers cutting sponsorships and marketing spend.