The Hong Kong Jockey Club (HKJC) World Pool season ended with a 24 percent year-on-year increase in turnover totaling HK$7.4 billion ($946.6 million).

This year’s event covered eight countries for a total of 222 races, up from 154 races in 2022, having started and finished at the Flemington Racecourse in Australia, the first time that a full meeting will be offered from Australia.

The World Pool event is a collaboration between Global Totes and the HKJC, which allows bettors from all over the globe to bet into a single pool.

According to the HKJC, the World Pool was active in Germany, Saudi Arabia, Argentina and Australia for the first time, with extra races from the UK and Ireland.

“We are absolutely delighted with how World Pool has performed in 2023. We’ve not only seen records broken and growth in countries where World Pool was already in operation, but a very promising reception in new jurisdictions too,” Michael Fitzsimons, executive director for wagering products of the HKJC indicated.

The HKJC previously stated it aimed to further expand its World Pool offering for UK and Ireland races, after generating record turnover during the 2022/2023 season, some HK$304.8 billion ($38.9 billion).