Marie Curie, Prostate Cancer UK, the three Armed Forces charities and Care Radio will receive a share of £1.25m ($1.74m) from the Betting and Gaming Council (BGC) following the Royal Ascot’s Britannia Stakes fundraiser initiative.

Last week, BGC members Flutter Entertainment, bet365, Kindred, Entain, William Hill, BetVictor, Betway, Rank Group and AnzoGroup, as well as the Tote, Fitzdares and Sporting Index, all agreed to donate their profits from the flagship race.

The race was won by Peretto at 18/1, ridden by Oisin Murphy, and has resulted in £1.25m going to the charities. The figure is well above the £250,000 given out following the first Britannia Stakes charity fundraiser one year ago.

“I am absolutely thrilled by the amount raised by this fantastic initiative at Royal Ascot,” said BGC Chief Executive Michael Dugher. “This money will make a huge difference to the incredible work done by the charities involved.

“I’d like to thank all the BGC members who took part – as well as their customers who enjoyed a flutter on the race – for their generosity in supporting some really great causes.”

Alastair Warwick, Managing Director, Ascot Racecourse, commented: “We’re delighted that Royal Ascot has once again played a part in raising valuable funds for these deserving charities.

“I know this fantastic initiative from the betting industry is hugely appreciated and the money will be used for some extremely worthwhile causes.”