The invention relates to a borofluoride white light emitting material. The chemical composition formula of the borofluoride white light emitting material is M5-2x(BO3)5F:Dyx, Rx; and M is alkaline earth metal ions, Dy is trivalent activated ions, R is alkali metal ions, the molar percentage content of the Dy relative to the alkali metal ion R is x, and the x is more than or equal to 0.01 and less than or equal to 0.2. Moreover, the invention also relates to a method for preparing the material. The method comprises the following steps of: 1, selecting a source compound of the alkaline earth metal ions, a source compound of borate radical ions, a source compound of the alkali metal ions, a source compound of dysprosium ions and a source compound of fluorine according to a stoichiometric ratio, wherein the stoichiometric ratio of the source compounds is a molar ratio of corresponding elements in the M5-2x(BO3)5F:Dyx, Rx, the x is the molar percentage content of the dysprosium ions relative to the alkali metal ion R, and the x is more than or equal to 0.01 and less than or equal to 0.2; 2, grinding and mixing the source compounds; and 3, sintering the mixture in a high-temperature furnace, and then cooling and grinding to obtain the borofluoride white light emitting material.