Many British bookmakers will give the Britannia Stakes race's winnings to their preferred charity in honor of the King's Coronation. The Royal Ascot will occur on June 22, 2023. Last year's donations raised £1.2 million, and bookmakers have each committed to contribute a combined total of £250,000 to be divided among the charities if the race doesn't turn a profit. These betting companies include Betway, bet365, William Hill and 888.