Hong Kong Jockey Club closed the 2025/26 season with wagering and lottery turnover of HK$331.7 billion ($42.3 billion), up 3.6% year-on-year. The Club paid HK$29.3 billion ($3.7 billion) in taxes and duties — 6.4% of Hong Kong's total tax revenue — and its charity arm approved HK$8.6 billion ($1.1 billion) in grants for 191 projects.
Racing handle rose 3.6% to HK$143.3 billion ($18.3 billion), delivering GGR of HK$19.9 billion ($2.5 billion). Commingling drove growth: bets on Hong Kong races from 26 jurisdictions climbed 9.0% to HK$34.3 billion ($4.4 billion), almost a quarter of total handle. Football betting hit a record HK$179 billion ($22.8 billion), up 3.6%, with GGR of HK$22.6 billion ($2.9 billion). Mark Six lottery turnover rose 4.2% to HK$9.4 billion ($1.2 billion).
Tourist attendance at racecourses doubled to 401,259 visits. Derby Raceday drew a record 72,000. The planned on-track betting launch at the Conghua training centre in Guangzhou was postponed after mainland authorities assessed risks; over 600 horses are stabled there.
The Club warned operating profit will fall in the coming years. Football betting now carries an annual levy of HK$2.4 billion ($306 million), the basketball licence was suspended after the Club invested in a platform, and Conghua requires heavy capital. Racing duty runs up to 75%, football 50% of margin, squeezing competitiveness against illegal operators offering up to 60 sports while the licensed market covers two. Kenneth Fok was elected steward, Martin Liao re-elected chairman.
