HKJC Posts Record HK$39.3 Billion Community Contribution for 2025/26
Thestandard · 1 SOURCESabout 1 hour ago2 MIN
Summary
The Hong Kong Jockey Club announced record community contributions of HK$39.3 billion for the 2025/26 financial year, fueled by strong performance across racing and football betting operations. Chief executive Winfried Engelbrecht-Bresges described the results as outstanding both on and off the track during Wednesday's annual general meeting, highlighting the club's role as a major contributor to Hong Kong's public revenue.
Key Points
- Record community contribution of HK$39.3 billion included HK$29.3 billion in betting duty and profits tax, HK$1.4 billion to the Lotteries Fund, and HK$8.6 billion in charities trust donations
- Wagering and lottery turnover reached a record HK$331.7 billion, up 3.6 percent year-on-year, with total revenue rising 3.1 percent to HK$50.8 billion
- Racing turnover grew 3.6 percent to HK$143.3 billion across 88 race meetings, generating HK$19.9 billion in gaming revenue
- Commingling from 26 countries and jurisdictions contributed HK$34.3 billion, representing 23.9 percent of total racing turnover
- Football turnover increased 3.6 percent to HK$179 billion
- Romantic Warrior retired on Wednesday as the world's highest-earning racehorse with over HK$288 million in prize money
- Ka Ying Rising returns at Sunday's 2026/27 season opener at Sha Tin pursuing a record-extending 21st consecutive victory
Why It Matters
The club's betting duty and profits tax accounted for 6.4 percent of all taxes collected by the Inland Revenue Department, underscoring the HKJC's critical role in funding public services and charitable initiatives in Hong Kong .
The club's betting duty and profits tax accounted for 6.4 percent of all taxes collected by the Inland Revenue Department, underscoring the HKJC's critical role in funding public services and charitable initiatives in Hong Kong .