Hong Kong sees all-time record turnover for horse racing betting

The [Hong Kong] government-granted monopoly club, which provides pari-mutuel betting on horse racing in the region, saw a record 835 races and 88 meetings that resulted in a 12.1% increase in turnover.

After a period of social unrest in 2019, the Hong Kong Jockey Club returned to its traditional 88-meeting season and figures escalated in contrast with the previous years: hosted local races went from 828 to 835 (which represents an increase by 11%), had 26 more simulcast days (accounting HK$7bn) and 206 more races than ever before.

Of the total revenue numbers, HK$13.7 billion went to the Hong Kong government, 13.6% more than after the last campaign.

“We are delighted to have been able to again complete a full season with a clear focus of ensuring racing to continue while upholding the principle of protecting the public health and safety of our employees, stakeholders and the public”, Winfried Engelbretch-Bresges, HKJC’s chief executive said…

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Rich Nilsen is a 19-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 of the NHC twice. A former executive with Brisnet.com and a member of the NHC Players’ Committee, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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