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Profits jump at Betfred as UK gamblers’ losses mount

Company made after-tax profits of £20m as wagers rise sharply across industry

Bookmaker Betfred has reported a jump in profits as gamblers’ losses mounted after the end of coronavirus restrictions.

The gambling company made profits after tax of nearly £20m in the year ending on 25 September 2022, up from just over £5m the year before, according to newly published accounts at Companies House.

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