Hong Kong Jockey Club reports record HK$39.1bn community contribution as turnover rises

The Hong Kong Jockey Club (HKJC) has announced its financial results for the year ended 30 June 2025, following its Annual General Meeting on 29 August. The organisation reported total wagering and lottery turnover of HK$320.3 billion, up 5% year on year, generating HK$43.8 billion in wagering and lottery revenue.

Combined with other income, total revenue reached HK$49.3 billion. After operating costs of HK$14.0 billion, EBITDA stood at HK$35.3 billion, equivalent to 72% of total revenue. This performance enabled HKJC to pay a record HK$28.8 billion in betting duty and profits tax to the Hong Kong government, alongside HK$1.3 billion to the Lotteries Fund.

Racing and football turnover both grow

Racing wagering turnover for the season rose 3% to HK$138.9 billion, supported by growth in commingled turnover, which increased 10.1% to HK$31.8 billion and now represents just over a quarter of racing wagering. HKJC said this reflects its strategy of expanding Hong Kong racing internationally through more than 70 commingling partners across 26 countries and jurisdictions. Turnover from simulcasting, including World Pool commingling, rose 2.3% to HK$13.1 billion, with government approval for further simulcasts expected to allow World Pool wagering across all Longines World’s Top 100 Group and Grade 1 races.

Football betting turnover reached a new high of HK$172.8 billion, up 7.8%, which the club attributed partly to government approval for additional leagues and in-play bet types aimed at curbing illegal betting activity. Mark Six lottery turnover increased 5% to HK$9.0 billion following the introduction of extra Snowball draws with larger prize funds.

Charitable donations and community impact

HKJC’s Charities Trust approved HK$9.0 billion in donations during the year, the second-highest total in its history, supporting 202 charities and community projects. Of this, HK$1.4 billion was directed towards youth development initiatives, including a partnership with the Home and Youth Affairs Bureau linked to the club’s CLAP@JC programme, and continued backing for the government’s Strive and Rise scheme for disadvantaged young people.

In total, the club said it contributed HK$39.1 billion to society across taxation, duty and charitable giving during the financial year.

Racing highlights and expansion plans

The 140th anniversary season featured strong performances from horses including Ka Ying Rising, Romantic Warrior and Voyage Bubble, and drew a record 195,786 mainland Chinese visitors to Hong Kong racecourses, more than double the previous season. HKJC also highlighted continued investment in racegoing experiences at Sha Tin and Happy Valley, along with progress at its Conghua Racecourse facility ahead of a planned launch of racing there in October 2026.

Club chairman Michael Lee and chief executive Winfried Engelbrecht-Bresges both pointed to competition from illegal gambling operators and a challenging economic backdrop as context for the results, while outlining ambitions to grow HKJC into a global racing, sports and entertainment brand.