First Horse Racing Network: Today, China Sports Lottery published an article titled "Where did the money to buy lottery tickets go? 》The article explains in detail the allocation and where the funds raised by sports lottery are raised. It reveals how the money from buying lottery tickets is converted into "charity funds" and benefit society. The article
revealed that the flow of funds raised by sports lottery is divided into three parts: bonus pool, issuance fee and public welfare fund. Taking the Sports Lottery Lotto with 2 yuan bet as an example, the flow ratio of the above three parts is: 1.02: 0.26: 0.72. It can be seen that the proportion of funds flowing to charity by sports lottery is not low. It can be said that "buying lottery is doing charity."
Carry out education to help students illuminate their dreams of hope; help medical treatment, donate with love to contribute boundless love; hold competitions to protect a healthy China and a strong sports country... Sports Lottery Charter Public Welfare Fund takes a comprehensive attack for social construction.
In fact, as a sports event that is popular all over the world, horse racing, the betting amount is also quite considerable, and horse lottery global fiscal contribution exceeds 50 billion. Where did the money go to
horse lottery betting? Like sports lottery, a large part of it is also used in charity.
Top 10 Malaysian lottery sales national/regional events and horse lottery scale in 2015 (data source: International Horse Racing Organization Alliance, Guotai Junan)
Hong Kong - all dedicated to public welfare
Hong Kong Jockey Club was established in 1884 and officially transformed into a professional horse racing institution in 1971. In 2016, the bets of Hong Kong horse racing lottery were 14.36 billion euros, surpassing the UK to 12.53 billion euros, ranking second in the world. However, most of the benefits of horse racing are dedicated to public welfare and are the world's largest non-profit horse racing organization.
According to the performance of 2018/19 fiscal year (as of June 30, 2019) announced by the Hong Kong Jockey Club this year, the betting amount of horse lottery was approximately 124.819 billion ; through various gambling taxes and profit taxes, the Jockey Club brought record-breaking HK$23.3 billion to the government warehouse and allocated HK$1.3 billion to the lottery fund; charity and community donations have been approved, also set a new record of HK$4.3 billion.
Hong Kong Jockey Club has made great contributions to society and is still among the top ten charitable donor institutions in the world. In 2018/19, the Jockey Club paid a record tax of HK$23.3 billion, accounting for 6.8% of the total tax revenue of the Taxation Bureau. During the year, the Jockey Club's charitable trust fund has approved HK$4.3 billion to support 294 projects, setting a record.
Guangzhou - Raising funds for social development
Guangzhou horse racing has been held for 7 years, creating many glory for many mainland Chinese horse racing. According to Peter Chen, a famous domestic horse racing expert and horse critic and witness of modern Chinese horse racing, from the first horse racing race on January 28, 1993 to December 1999, the Guangzhou Jockey Club has donated a total of 350 million yuan. Sponsored the Chinese equestrian team to participate in the Asian Games equestrian event for the first time, donated 10 million yuan to the Yangtze River flood in 1998, etc.
"In the 1990s, China encouraged bold exploration and bold trial. Why did Guangzhou run horse racing at that time? It was to raise funds for social development. At that time, many foreign capital did not come in, and the infrastructure was relatively poor, so raising funds for social development was very important. At that time, the concept of charity was still discussed."
Historical photos of Guangzhou horse racing provided by Peter Chen
Japan - "Macai" The world's best
Since the 1990s, horse lottery betting has firmly ranked first in the world. In 1997, the Japanese Horse Lottery set a record of US$44.3 billion, reaching 25.56 billion euros in 2016. In 1954, the Japanese horse racing achieved separation of the Central Jockey Club JRA and the local horse racing association NAR, and had differentiated jurisdiction.
UK - Horse Color Taxes are as high as 100 million pounds
From a scale, in the UK, horse racing is the second only to football. Horse racing betting is an important cornerstone of the British horse racing industry. The horse racing industry can obtain considerable income from the two aspects of gambling tax and broadcast rights negotiated with gambling companies. In addition, some events are directly named by gambling companies.Wikipedia data shows that the total bets for the British Horse Lottery are more than 1 million euros, and millions of people are present, directly bringing in 3.7 billion pounds of revenue each year.
Of course, although British horse racing betting was almost born with the horse racing industry, it was a large industry of £500 million a year in 1936, but before the legislation was enacted in 1960, it was illegal. After legislation, the country has made considerable income from horse racing betting, and in the latest report, this part of the tax revenue was as high as £103.5 million.
As we all know, gambling itself is also the main source of economics for British sports. Since 1997, sports lottery has contributed 4.4 billion pounds to British sports. During the preparations for the 2012 London Olympics, the source of 2.2 billion pounds of funding was sports lottery.
United States - the most global events
United States Horse racing appeared in the United States in 1868, and horse racing gambling was born in 1908. Although the laws of each state in the United States are different, the Horse Racing Gambling Act is passed in each state at almost the same time. On average, the tax rate is 17%, and the remaining part is returned to lottery players.
On April 14, 2018, the Central Committee of the Communist Party of China and the State Council issued the "Guiding Opinions on Supporting Hainan's Comprehensive Deepening of Reform and Opening-up", indicating that Hainan horse racing shows signs of breaking the ice.
Li Shijie, who has been committed to research on the horse racing industry in recent years, analyzed that if the horse racing event can be fully implemented, it will have a huge driving effect on Hainan's economic development. "The horse racing industry chain is very long, including seed selection and breeding, horse breeding, training, clubs, events and broadcasting, horse racing entertainment and tourism, horse racing culture derivative products and other industrial chain links. It is conservatively estimated that the scale of the industry can reach more than 100 billion yuan.
This article comes from the First Horse Racing Network. Please indicate the source when reprinting!
Editor: Liu Xiang
Proofreading: Huxley
Producer: Wang Simin
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