Hk Jockey Club Result (2024)

FAQs

How much do Hong Kong jockeys get paid? ›

All riding fees are paid by the Club directly into the Jockey's account on a monthly basis. Jockeys receive 10% of all winning prize money and 5% of prize money for placings from 2nd to 5th. Owners contribute HK$2200 per ride of which the rider receives HK$1200.

Total prize money of more than £58.2 million was distributed by The Jockey Club in 2023, which included a contribution from its own resources of £30.3 million, up £1.9 million and so impacting reported profit by that amount, from a previous record of £28.4 million in 2022.

We achieved a record turnover of HK$304.8 billion for the financial year and HK$305.6 billion for the racing season. We reinvigorated our charities strategy, strengthened our cooperation with the Mainland, and launched new membership initiatives.

The club, at its annual general meeting last night, said it recorded HK$136.1 billion in racing turnover in the financial year ending in June, down 3.1 percent from HK$140.4 billion in 2022-23. Local racing wagering turnover in the past racing season took the hardest hit, dropping 9.3 percent year-on-year.

Just like caddies at the Masters receive some of the payout if their golfer wins, jockeys receive a portion of the Kentucky Derby prize their horse lands. According to multiple reports, jockeys typically receive 10% of the prize money. So, whichever jockey is first across the line Saturday will likely pocket $310,000.

Jockeys are entitled to 5% of the prize money earned and will usually also receive a small amount for booking the ride. While the race horse owners are entitled to keep the Melbourne Cup trophy, jockeys are presented with a miniature cup which is worth $10,000.

Let's break it down. Unlike most athletes jockeys are almost all self-employed (although a few top riders have contracts to ride for individual trainers or owners) – which means that rather than being paid a fixed salary, they charge for each job they take.

Jockeys ride horses in races and trials. They usually act as independent professionals, contracting their work to horse owners and trainers. In addition to competing in races, jockeys also provide horses with regular exercise.

The Hong Kong Jockey Club has sparked controversy with its plan of redeveloping a sports complex into residential blocks in the upscale Happy Valley area without being required to pay a land premium.

Who owns HK jockey Club? ›

The Hong Kong Jockey Club is a company with liability limited by guarantee. It has no shareholders. The Club operates horse racing in Hong Kong and, as authorised by the Government, provides responsible sports wagering and lottery services.

HKJC paid $754m in tax, bringing the total profit for the year to $2.87bn, a $3.0bn rise year-on-year.

The Hong Kong Jockey Club (Hong Kong Jockey Club) is a Endowment located in Hong Kong Hong Kong, Asia. Current Assets for Hong Kong Jockey Club is $8,603,580,000 and SWFI has 8 periods of historical assets, , 2 Opportunities/RFPs, 29 personal contacts available for CSV Export.

The Hong Kong Jockey Club also provides dining, social, sport and recreation facilities to its approximately 23,000 members.

The Hong Kong Jockey Club is a world-class racing club that acts continuously for the betterment of our society. A leader in horse racing and responsible sports wagering and one of the world's top ten charity donors, the Club generates substantial economic and social value.

How much prize money jockeys win is decided by a very complicated Rule of Racing and varies from race type to race type and is dependent on how many places are being paid. However, as a general rule of thumb Flat jockeys receive around 8.5% of the advertised win prize and 2.61% of the advertised place prize.

The average jockey salary in the United States is $52,645. Jockey salaries typically range between $35,000 and $77,000 yearly. The average hourly rate for jockeys is $25.31 per hour. Jockey salary is impacted by location, education, and experience.

Find out what the average Jockey salary is

How much does a Jockey make in Australia? The average jockey salary in Australia is $59,280 per year or $30.40 per hour. Entry-level positions start at $58,226 per year, while most experienced workers make up to $73,150 per year.