Bet365 BingoGambling firm Bet365 have experienced huge profit rise in the last year.

The online gambling firm recorded a significant year-on-year increase in their operating profit in the 12 months to March 31, 2014.

In the last year, Bet365’s profits increased 81.5% from £179m to £320.9m.

The gambling firm also reported a 38% year-on-year increase in revenue to £1.3 billion.

Furthermore, Bet365 said its customers wagered over £26 billion over the 12 months, a year-on-year increase of approximately 36%.

As a result, the company increased its number of employees by 12% to 2,686 during this period.

Bet365 founder, Denise Coates, announced that the operator has donated £105 million of its total yearly profit to the Bet365 Foundation.

Set up in August 2012, the Bet365 Foundation has supported 20 UK-based charities.

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