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Manchester Evening News
Manchester Evening News
World
Jon Robinson

Lockdowns cut Betfred profits by nearly £200m but internet betting rise saves sales and helps create 500 jobs

Betfred Internet Peter Done Fred Done Ordsall Salford

Profits at betting giant Betfred were cut by almost £200m because of the Covid-19 lockdowns that forced its shops to close, it has been revealed.

The group's pre-tax profits slumped to just over £6m during its latest financial year, compared to the £204.5m it posted in the prior 12 months.

Betfred said its turnover had risen by £1m to £525.9m in the year to September 26, 2021, because of the performance of its internet betting operations during the lockdowns.

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