Home > Finance > GambleAware donations reach £430,813 in Q1

GambleAware donations reach £430,813 in Q1

| By Marese O'Hagan
GambleAware received £430,813 in donations and pledges for the first quarter of the 2023-24 financial year ended 30 June.
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This was down by 1.1% from Q1 in GambleAware’s 2022-23 financial year.

The total amount was made up of £317,099 in Research, Education and Treatment contributions from operators and £113,714 in non-RET donations, all of which came from 888.

Non-RET donations consist of unclaimed winnings or funds from dormant betting accounts.

Currently, operators are asked to donate a minimum 0.1% of their gross gaming yield (GGY) to GambleAware every year. But the Gambling Act review white paper has called for a mandatory levy, a move that GambleAware has publicly supported.

Operators with an annual GGY of under £250,000 are asked to donate £250.

No contributions came from regulatory settlements during the quarter.

Donation breakdown

The average RET donation this quarter totalled £2,757, which GambleAware said was down by 9.0% year-on-year.

GambleAware also noted that there were no donations in Q1 from any of the biggest operators. However, it added that these operators tend to pay RET contributions at the end of the financial year.

The largest donation came from BetFred, which donated £50,000. Games Global submitted the second-highest donation, which totalled at £35,000 while Star Racing came in third with a donation of £28,916.

Betway donated £25,000, and Virgin Bet donated £22,836. Elsewhere, the Postcode Lottery donated £18,708, followed by LiveScore at £15,574. Castle Leisure contributed £14,000, while Bandai Namco Amusement Europe contributed £10,640.

For the entire 2022-23 financial year, donations totalled £46.5m, which was 34.0% higher year-on-year.

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