Jockey Club contributes record HK$ 40.1billion to the community in 2023/24

The Hong Kong Jockey Club kicked off a new racing season in style at Sha Tin Racecourse on Sunday (8 September) with a total attendance of more than 47,000, the largest crowd since 2019. Among them were a record 7,100 Mainland tourists. Excited racegoers witnessed the traditional opening ceremony with the striking of the lucky gong followed by the thrill of the races.

Just days earlier, the Club announced its 2023/24 financial results. Despite many challenges faced by the Club during the year, total turnover was essentially unchanged at HK$304.9 billion. However, it was determined to maintain its strong support for the community, contributing a record HK$40.1 billion. This comprised a record HK$29.9 billion in betting duty, profits tax and Lotteries Fund contributions, and HK$10.2 billion in approved charity donations – also a record. The approved donations will support 173 charities and community projects in response to the society’s needs in these challenging times.

Over 140 years, the Club and its close partnership with the community have thrived thanks to its unique integrated business model, through which racing and wagering generate tax contributions, charity support and employment opportunities for the society.  

In the weeks and months ahead, the Club will launch a series of initiatives to celebrate its 140th anniversary under the banner “With You. Then. Now. Always.” They will recognise the significant milestone and the contribution of all Hong Kong people to the Club’s purpose of society betterment. Let’s celebrate together with the Club in the first of these initiatives – the 140th Anniversary Raceday on 20 October.

Read the Club’s 2023/24 Annual Report online

https://corporate.hkjc.com/corporate/english/history-and-reports/annual-reports.aspx

(community information)