For gamblers, Brexit was bigger than the Royal baby

CNNMoney (London) First published June 25, 2016: 3:41 AM ET

. Anyone that bet that the U.K.

They’re now taking bets on who will become the next U.K. will vote to remain in the European Union or leave.

Paddy Power Betfair said its biggest individual winner received a payout of £99,000 based on a bet worth £18,000. That works out to over $200 million. told CNNMoney that this was their biggest non-sports betting event ever, eclipsing gambling on the Royal baby and any past election. The London-based gambler who placed the bet lost it all because she predicted the U.K. would leave was guaranteed a bigger payout as the referendum drew closer.

Opinion polls in the immediate run-up to the referendum showed the vote was split about 50-50.

The U.K.

Overall, more people put small bets on Leave, while a smaller number of people placed large bets on Remain.

A William Hill representative said she later told the company, “My sadness is for the wider implications of the result, which is far more important than personal financial loss.”

Economists had long been warning that a British vote to leave the EU would slam the economy, currency, financial markets and the U.K.

Related: Brexit’s existential threat to Europe

Bookmaker William Hill said the biggest bet staked on the outcome of the referendum was £100,000.

The bet in this instance was very simple: Choose whether the U.K. is known for its active sports gambling market, with millions of pounds bet on soccer matches and horse racing. prime minister.

“The betting industry as a whole would have taken £150 million in bets,” estimated a representative at gambling firm Paddy Power Betfair.

The odds set by the bookmakers predicted that voters would choose to remain in the EU. But bookmakers are increasingly expanding into non-sports betting. real estate sector. would vote to remain in the EU.

Major publicly traded bookmakers in the U.K

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