Jockey Club's total betting amount hits a new high!
The Hong Kong Jockey Club announced today (31st) that in the last financial year ending June 30 this year, the betting amount rose to HK$279.7 billion, an increase of 27.9% from last year and an increase of over 60.9 billion, a record high.
Among them, horse racing and football betting have increased. However, due to the epidemic, the Jockey Club has closed off-site betting desks. The Mark Six lottery was also suspended from February to September last year. It was only in May this year that the off-site betting desks were fully restored. , The betting amount dropped by 34.3% during the year to only HK$3.4 billion.
The Jockey Club stated that it will set a new record of HK$279.7 billion in betting in 2020/21.
(Profile picture / Photo by Gong Jiasheng)
The Jockey Club stated that it will set a new record of HK$279.7 billion in betting in 2020/21 and will give back to the society HK$29.4 billion in proportion to the record, including funding through betting tax, profits tax and lottery funds, as well as the approval of the Jockey Club Charitable Trust Fund. Charitable donations of HK$4.5 billion are the same as in the previous fiscal year.
In response to the increase in betting, the total tax on horse racing, football and lotteries this year was approximately 23.8 billion, which is nearly 4.2 billion more than 19.6 billion last year.
More than 90% of betting amount comes from online and mobile platforms
The Jockey Club also pointed out that strict anti-epidemic measures were taken during the epidemic, including limiting the number of people on the racecourse, closing off-field betting desks or providing limited services. However, it has not cancelled any races and successfully hosted the "Longines Hong Kong International Race" and the "FWD Championship". Horse Day".
At present, more than 90% of the betting amount comes from online and mobile platforms. The Confluence Pool is also opening up overseas markets. This season's Confluence Pool betting accounted for about 17% of the total horse racing betting in the entire season. The Jockey Club described Hong Kong horse racing under the epidemic , Still attractive to overseas horse fans.
Horse racing betting amounted to more than 130 billion
According to data, horse racing betting amount increased by 12.5% to HK$136.1 billion during the year; in terms of horse season calculations, it rose by 12.1% to HK$136.4 billion.
As for the horse racing betting tax, it also increased by 13.7% to HK$13.7 billion; in terms of the horse season, it rose by 13.6% to HK$13.8 billion.
On the other hand, the betting volume of football betting increased by 51.4% during the year to HK$140.2 billion, which caused the football betting tax paid by the Jockey Club to increase by 47.4% to HK$9.25 billion.
The Jockey Club explained that the main reason for the resumption or postponement of many large-scale matches, such as the 2020 European Cup of Nations and the American Cup of Nations, has resulted in far more football matches being played this year than in the past. I believe the relevant situation will not continue.
The Mark Six lottery was also suspended from February to September last year. It was only in May this year that betting at the off-site betting desk was fully restored. The betting amount dropped by 34.3% during the year.
(Profile picture)
However, in terms of Mark Six lottery bets, there was a significant drop.
The Jockey Club stated that during the epidemic, in order to protect public health, off-site betting offices were closed. Mark Six lottery was also suspended from February to mid-September last year. It was only in May this year that the off-site betting offices were fully restored, so betting The amount dropped by 34.3% during the year to HK$3.4 billion, and the gaming tax and lottery fund contributed HK$1.3 billion.
▼The situation of the betting station after the resumption of the lottery in Mark Six▼
The Jockey Club believes that the performance is better than expected. However, it described the economic and social environment in the coming year as still full of challenges. It reviewed the strategy and formulated a long-term plan. The three new strategic focuses include: charity, horse racing and mainland development.
On the mainland, the strategy focuses on developing the horse industry in the Greater Bay Area, formulating the "Horse Racing Development Vision 2030" and planning for future development.
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