BGC Data Suggests £100 Million Staked via Illegal iGaming Operators During Grand National

The BGC estimates £100 million was lost to illegal operators during the Aintree Festival, threatening the integrity of the regulated market.

The Betting and Gaming Council (BGC) has released sobering data indicating that illegal, unlicensed operators captured a massive share of the wagering activity during the recent Aintree Festival.

Estimates suggest that up to £100 million was potentially staked through black market channels across the event, with roughly £40 million wagered on the Grand National race itself.

The Scale of the Black Market Challenge

The Grand National remains the single most significant betting event in the UK, but industry stakeholders are increasingly worried that more punters are being pushed toward unregulated platforms. Unlike licensed UK firms, which must adhere to strict age verification, Anti-Money Laundering (AML), and safer gambling protocols, these offshore sites operate with zero oversight and provide no protection for vulnerable users.

The BGC argues that the combination of rising compliance costs and increasingly intrusive affordability checks on the regulated side is inadvertently making the black market more attractive to recreational bettors.

Protecting the Regulated Ecosystem

The UK’s regulated sector is a vital economic pillar, supporting over 100,000 jobs and generating billions in tax revenue while providing essential funding for British horseracing.

Grainne Hurst, Chief Executive of the Betting and Gaming Council, issued a warning regarding the trend during Aintree Festival:

“The Grand National is one of the biggest moments in the sporting calendar, enjoyed safely by millions. But the criminal harmful black market will also have tried to cash in, targeting punters with illegal betting that offers zero protections. Rising costs and increasingly intrusive checks will only make it harder for legitimate operators to compete. The priority must be keeping punters in the regulated market, where safeguards are in place, rather than driving them towards dangerous illegal operators.”

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