GambleAware receives £430k in donations in Q1

GambleAware receives £430k in donations in Q1

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GambleAware receives £430k in donations in Q1

GambleAware has recently released its latest donations report.

In the first quarter of the 2023-2024 financial year, ending on the 30th of June, GambleAware received around 430 thousand pounds of donations from various local gambling and betting companies. About three-quarters of the total was donated by the operators for RET initiatives, while around 113 thousand pounds came from their inactive gambling accounts.

The charity’s largest contributor in the quarter was BetFred, which donated 50 thousand pounds. The operator was followed by Games Global, which contributed 35 thousand pounds, and Star Racing, which donated just under 29 thousand pounds. Collectively, the top three contributors made up for just over a third of GambleAware’s Q1 RET donations.

The report further detailed that the average donation in the period was about 2750 pounds and that the charity’s RET donations have declined by 9% from the same period last year. GambleAware also mentioned the mandatory RET funding tax proposed by the UK’s gambling regulation white paper, stating that the charity supports the requirement and eagerly awaits its official implementation. The proposed changes would mandate licensed operators to donate a portion of their revenue to various campaigns to reduce gambling harms among UK players.

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