THE BETFRED GROUP DELIVERS OVER £37 MILLION TO RACING IN THE 18 MONTH PERIOD TO SEPTEMBER 2014

Financial Highlights

  • Committed to Government a £9m contribution to racing per annum and delivered £19.1m for the 18 month period from March 2013 to September 2014 (2013: £12.5m, The final year of the Tote delivered £11.7m)
  • Total payment to racing including levy in this 18 month period £37.7m (2013: £24.4m)
  • Group turnover was £13.3bn for the 18 month period (2013: £8bn)
  • Betfred.com turnover was £1.9bn for the 18 month period (2013: £1.1bn)
  • Gross profit was £593m for the 18 month period  (2013: £362m) and EBITDA was £102m in this period (2013: £69m)
  • Net debt  significantly reduced  by £68m to £145m (2013: £213m)
  • Contribution to the Exchequer was £158.7m for the 18 month period (2013: £89.6m)

Operational Highlights

  • The Betfred Group is a growth story and employs over 10,000 staff
  • Totepool continues to invest in facilities and new technology. In May 2014 the Scoop6 achieved a record breaking win and bonus fund of over £16m and created 8 millionaires
  • The Betfred Group continued its major sponsorship of British Racing and sponsors over 600 races per annum. Long term commercial deal signed with vast majority of racecourses including the two major racecourse groups, Jockey Club Racecourses and Arena Racing Company
  • Betfred Group launched a major Responsible Gambling campaign