BGC Launches 2024 Grand National Charity Bet Campaign
The Betting and Gaming Council (BGC) has announced the launch of its yearly Grand National charity betting campaign for the 2024 race.
According to the standard practice, the BGC will invite MPs from various parties to place bets at local betting shops in the country. However, this time, the industry lobby group plans to invite over 50 MPs, more than the 40 legislators called upon in 2023.
LISTEN TO THIS ARTICLE:As usual, invited MPs will receive £50 to wager on a winner of the Grand National steeplechase on Saturday, April 13. Winnings from this event will be donated to a charity of their choosing. The BGC is also looking to surpass the donation made last year, meaning the group will have to generate over £11000 to beat last year’s record.
Related: BGC Pushes for Targeted Financial Checks as UK Government Promised
Grand National Attracts 13 Million UK Bettors
The Grand National is widely regarded as the biggest and most prestigious horse racing event in England. According to the BGC, the event has a global appeal, with approximately 600 million viewers across 140 countries. It further stated that the event attracts wagers from 13 million adults in the UK.
Additionally, the BGC underscored the vital role of the betting industry in the United Kingdom. It estimates that betting shops support 42,000 jobs on UK high streets and generate £800 million annually in tax to the Treasury, along with an additional £60 million in business rates to local councils.
Millions of us from all different backgrounds will once again come together to watch the Grand National and have a flutter on the world’s most famous horserace. It is an occasion like no other and demonstrates once again sport’s unique ability to bring the whole nation together. Betting shops support tens of thousands of jobs, generate vital revenue for the UK’s hard-pressed high streets, and support the national and local economies through tax and business rates. They also provide a vital community for millions of betting and gaming fans.
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Macao Ends Horse Racing
As the UK prepares to host its historic horse racing event, the equestrian sport has been discontinued roughly 6,700 miles across the earth’s surface. In the Chinese special administrative region of Macao, its horse racing track held its final races last Saturday, marking the end of the sport in the jurisdiction after 40 years of its existence.
The development was attributed to economic challenges largely caused by the COVID-19 pandemic. In recent years, the jockey club reportedly incurred over $311 million in operating losses.
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