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HKJC posts HK$331.7bn turnover despite illegal gambling pressures

Record wagering helps drive tax and charity contributions amid growing pressure from illegal gambling.

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HKJC
Key Points
Community contribution reached HK$39.3bn (US$5bn) in FY2025/26
Total wagering and lottery turnover hit a record HK$331.7bn
Illegal gambling and delayed basketball betting licence remain major challenges

The Hong Kong Jockey Club (HKJC) delivered a record HK$39.3bn in contributions to the community during the financial year ended June 30, 2026, despite mounting competition from illegal gambling and regulatory headwinds.

The Club reported record wagering and lottery turnover of HK$331.7bn, generating HK$29.3bn in betting duty and profits tax, alongside HK$1.4bn for the Lotteries Fund. Its Charities Trust also approved HK$8.6bn in donations, bringing the total community contribution to HK$39.3bn.

Overall revenue from gaming and non-gaming operations increased 3.1% year-on-year to HK$50.8bn.

Horse racing turnover rose 3.6% to HK$143.3bn, supported by strong international demand. Commingling turnover increased 9.0% to HK$34.3bn, accounting for almost a quarter of total racing turnover, while simulcast wagering climbed 21.4% and World Pool turnover grew 23.0%.

Football betting turnover also increased 3.6% to HK$179.0bn, helped by additional betting products, new league competitions and a major international football tournament. Meanwhile, Mark Six lottery turnover rose 4.2% to HK$9.4bn as the lottery celebrated its 50th anniversary.

HKJC turnover 2025/26 (HK$ M)

Despite the strong financial performance, the Club said illegal gambling remains its biggest challenge. It warned that unlicensed operators continue to expand through digital platforms, cryptocurrencies and social media, while Hong Kong's limited range of regulated betting products and relatively high betting duties reduce the competitiveness of legal offerings.

The operator also highlighted the Hong Kong government's decision to postpone granting a regulated basketball betting licence. The Club said it had already invested significantly in preparation for launching the service in 2026 and warned the delay would allow illegal basketball betting to continue growing. 

Away from wagering, racing tourism reached a record 401,259 visits during the 2025/26 season, more than doubling from the previous year. However, the Club also confirmed that the planned launch of international-standard racing at Conghua Racecourse, originally scheduled for October, has been postponed following discussions with mainland authorities over additional risk mitigation measures.

Good to know

The Club approved HK$8.6bn in charitable donations during the financial year

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