Bet365 and Betfred Owners Among UK's Top Taxpayers!

The families, led by Fred and Peter Done of Betfred and Denise, John, and Peter Coates of bet365, have outpaced notable figures such as Sir Tim Martin of JD Wetherspoons and the owners of Primark, the Westons.

Fred and Peter Done, along with Denise, John, and Peter Coates, are recognized as two of the top taxpayers in the UK, occupying the third and fourth positions, respectively. Their contributions to the UK government amount to a staggering £580.5 million, with the Dones contributing £204.6 million and the Coates contributing £375.9 million.

The Coates family, in particular, has consistently ranked among the highest-paying taxpayers in the UK for several years. In 2019, Denise Coates was named Britain's highest taxpayer after being taxed £276 million. Even in 2021, despite a significant pay cut of £170 million, Denise Coates retained her position as one of the top taxpayers in the country.

Despite relinquishing the number one position, bet365 continues to thrive financially, reporting a substantial profit of £3.39 billion in 2023, representing a remarkable year-on-year increase of 19%. However, the company also reported an operating loss of £24.5 million, which some attribute to increased spending during the year.

Meanwhile, Betfred has experienced notable growth, expanding its operations into the US state of Virginia and launching a new sportsbook in partnership with Mohegan Sun in Vegas. Current CEO Joanne Whittaker shared insights into the company's future plans and her collaboration with Fred Done in a recent interview with Gambling Insider.

In addition to prominent business figures, famous personalities like JK Rowling and Ed Sheeran also feature on the list of top taxpayers. Their contributions, totaling £40 million and £36 million, respectively, place them among the 31st and 32nd highest taxpayers in the country.