Flutter Profits from Royal Ascot's 2023 Outcome and Odds

This year's Royal Ascot was one for the books, with a series of unexpected outcomes, historic wins, and high odds that kept punters on their toes.

From the "Frankie Factor" to groundbreaking victories by female jockeys, the event showcased the thrill and unpredictability of horse racing.

Flutter, the prominent company behind well-known brands such as Betfair, Paddy Power, and Sky Betting & Gaming, experienced a windfall during the Royal Ascot week. With almost 22 million bets placed, Flutter raked in over £100 million ($127 million).

Legendary Jockeys and Historic Races

Frankie Dettori, a legendary jockey, captured the attention of the betting community. Over 3.5 million bets were placed on Dettori through Flutter alone as supporters rallied behind him in what turned out to be his final Royal Ascot appearance.

While Dettori's presence loomed large, other captivating events unfolded at the races. One such moment occurred during the Queen Elizabeth II Jubilee race when Khadeem stunned spectators with an upset victory at 80/1 odds. Jockey Jamies Spencer skillfully guided Khadeem to triumph, leaving Dettori and Tom Marquand trailing behind. Flutter faced a hefty payout of over £2 million due to this unforeseen outcome.

Moreover, history was made at this year's Royal Ascot by Hollie Doyle, who became the first female jockey to win a Group 1 race. Doyle's remarkable feat came in the King's Stand Stakes, leaving a lasting mark on the sport and inspiring aspiring female jockeys worldwide.

Another surprising victory took place in the Group 2 Norfolk Stakes, as Valiant Force defied the odds of 150/1. This triumph matched the record for the highest return in a British or Irish Group race, demonstrating the unpredictable nature of Royal Ascot.

Gambling with Good Cause

In fact, out of the 25 winners throughout the event, a staggering 17 had odds in the double figures. This revelation helps explain the stark contrast in donations made by the Betting and Gambling Council (BGC) members this year compared to last. The total contribution from the BGC stood at £277,000, significantly lower than the previous year's £1.2 million. The high odds and unexpected outcomes likely affected the betting margins and subsequently influenced the overall donations.

We are incredibly proud to support the BGC’s great initiative and to make sure that charity is the real winner from the Britannia Stakes. Royal Ascot is such an important fixture in Britain’s sporting calendar, and we hope this donation can make a tangible difference for the charities involved.

Ian BrownChief Executive of Flutter UK&I

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