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(Image: royalascothospitalityuk.co.uk) With the World Cup and Royal Ascot giving British punters something to get excited about, one bookmaker is predicting a £500 million betting bonanza will sweep the UK this week. Describing the potentially bountiful period in The Telegraph’s business section, Betway’s Alan Alger believes the country’s leading operators are in for a major windfall. “Britons are expected to wager as much as £500 million this week as England plays World Cup ties against Tunisia this evening and Panama on Sunday and punters at Royal Ascot bet £30-£40 million per day, according to estimates by bookies Betway,” reads the June 18 caption in The Telegraph newspaper. The prediction comes just weeks after British betting operators learned that changes to the maximum stake on fixed odds betting terminals (FOBTs) won’t take effect until 2020. To support what PR company Square in the Air called a “huge week for the betting industry,” previous data shows that at least £1 billion is bet on the World Cup. Ahead of the 2014 World Cup, The Guardian noted football fans in the UK staked almost as much as the £2.4 billion FIFA made through international TV rights. In line with this, Royal Ascot is one of the most prestigious horse racing events both in the UK and the world at large. During the five-day festival, industry insiders have predicted that £400 million could be wagered online, in-store and at Ascot itself. For Alger and his peers, this combination of football and horse racing action is bound to spark interest among sports fans, something operators have been keen to take advantage of. Prior to the start of the 2018 World Cup, PokerStars launched a £100 million promotion for anyone that could correctly predict every result in this year’s competition.
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