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Hong Kong Legalizes Basketball Betting to Combat Illegal Markets

10/19/2025

22 4 Full Breakdown

Summary

Story summary

Hong Kong legalizes basketball betting with a 50% tax on net profits, and the Hong Kong Jockey Club (HKJC) is likely to receive a license.
The regime mirrors the HKJC's football betting framework established in 2003.
The measure aims to redirect HK$70–HK$90 billion from illegal markets into regulated channels.
HKJC reported a 5% rise in wagering turnover to HK$320.26 billion and expects investments in new betting systems.

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Story summary

Hong Kong legalizes basketball betting with a 50% tax on net profits, and the Hong Kong Jockey Club (HKJC) is likely to receive a license.
The regime mirrors the HKJC's football betting framework established in 2003.
The measure aims to redirect HK$70–HK$90 billion from illegal markets into regulated channels.
HKJC reported a 5% rise in wagering turnover to HK$320.26 billion and expects investments in new betting systems.