Hong Kong Jockey Club has record-breaking year with HK$216 billion turnover
Overall turnover was up 6.8 per cent on the previous financial year
The Hong Kong Jockey Club has posted a record turnover of HK$216.5 billion in the past financial year.
The overall turnover for its 2016 to 2017 financial year, which ended on June 30, was up 6.8 per cent on the previous year.
Thanks to this record-breaker, the city’s sole betting operator paid the government HK$21.7 billion in duty and profits tax, hitting an all-time high.
The turnover contributed by bets on horse racing was HK$115.8 billion, a 7.9 per cent jump from the previous year.
Hong Kong Jockey Club records record turnover despite economic gloom
The turnover from football betting was up by 6.8 per cent to HK$92.7 billion.
The bets on the Mark Six saw a slight dip of 6.2 per cent to HK$8.0 billion from the previous year, when the club celebrated the lottery’s 40th anniversary and collected HK$8.6 billion in bets.