Turnover in the Hong Kong Jockey Club's 2022-23 season grew 0.5% year-on-year to HK141.10bn (£13.78bn/€16.03bn/US$18.05bn) as the contribution from international turnover and commingled pools offset local declines.
The Hong Kong Jockey Club’s (HKJC) 2022-23 campaign featured a total of 88 meetings and comprised 835 Hong Kong races and 299 overseas simulcast races.
The increase in turnover, HKJC said, was down to the rising popularity of simulcast races. Turnover from betting on simulcast events jumped 12.5% year-on-year to $11.80bn.
Most simulcast turnover came from customers in Hong Kong, with this rising by 11.3% to $10.50bn. Turnover from the HKJC’s World Pool overseas customers and partners was also up 23.0% to $1.30bn.
While local racing in Hong Kong remained by far the primary source of turnover, contributing $129.30bn, this was 0.5% lower than the previous season.
Of the local racing total, $104.00bn came from consumers in Hong Kong, while $25.39bn was generated by co..
