Business
Donations to GambleAware have increased by 34% for the year 2022-23, according to reports
GambleAware, a charity dedicated to researching, preventing, and treating gambling harm, has released a report providing information on the donations it received for the 12-month period ending on March 31, 2023.
The company’s recent figures indicate that it received £46.5 million ($58.2 million) in donations between 2022 and 2023. This represents a 34% increase compared to the prior year period, when donations amounted to £34.7 million ($43.4 million).
At present, companies and groups that make profits from gambling are required to donate at least 0.1% of their annual gross gambling yield (GGY) to GambleAware. For organizations earning less than £250,000 ($313,000) per year, the minimum donation is £250 ($313). Notably, the donations received during the 2022-2023 period were primarily from the four largest UK gambling operators: Entain, Flutter, William Hill, and Bet365, which collectively accounted for 92% of the total contributions.
Donations are likely to continue growing
According to GambleAware’s recent report, the four largest UK gambling operators, Entain, Flutter, William Hill and Bet365, contributed a total of £42.9 million ($53.7 million) out of the £46.5 million ($58.2 million) in donations for the 2022-2023 period. This amounts to 92% of the total donations. GambleAware explained that this increase was due to the operators’ commitment to raise the percentage of their GGY they contribute in donations from 0.1% to 1% by 2023/2024.
As a leading independent charity and strategic commissioner of gambling harm prevention and treatment across Great Britain, funding is crucial to ensure the effective delivery of their National Gambling Support Network and other programs to address and prevent gambling harm. Donations are requested from companies and organizations that profit from gambling activities, with a minimum donation of 0.1% of their annual gross gambling yield (GGY) or a minimum of £250 ($313) for organizations earning less than £250,000 ($313,000) annually.
“As the leading independent charity and strategic commissioner of gambling harm prevention and treatment across Great Britain, funding is key to ensure the effective delivery of the National Gambling Support Network and our many other programs of work to address and prevent gambling harm.“
Zoë Osmond is the chief executive at GambleAware
According to Zoë Osmond, the CEO of GambleAware, the government’s proposal for a statutory levy in the Gambling White Paper was commendable and could provide stable funding. Osmond also expressed hope that changes to the gambling industry would be implemented quickly.
As a leading organization for reducing problem gambling, conducting research, and providing treatment services throughout the UK, GambleAware relies on donations to fund its activities and assist those affected by gambling harm.