Hong Kong Government To Introduce Basketball Betting
The Hong Kong government is poised to revolutionize its gambling landscape by introducing regulated basketball betting, implementing stringent tax measures and protective safeguards. This initiative marks a significant shift aimed at curtailing illegal gambling activities while simultaneously generating substantial tax revenue for the region.
The legislative proposal, submitted to the council on June 5, reflects the government’s commitment to legalize basketball wagering, positioning it alongside existing legal sports betting options. This strategic move targets a dual objective: increasing regulatory oversight and redirecting substantial turnover—estimated at HK$70 billion to HK$90 billion from illegal markets—into government-controlled avenues.
Tax Framework: A 50% Levy on Bookmakers’ Net Profits
Under the new proposal, a hefty 50% of the net profits from online casinos engaged in basketball betting will be allocated to the government. The Hong Kong Jockey Club (HKJC), designated as the sole licensed operator, will bear the responsibility of remitting a 50% tax on net stakes—calculated as total wagers minus payouts. This framework not only enhances government revenue but establishes a tightly regulated environment that can effectively combat illicit betting channels.
Drawing parallels to football betting, which was legalized in August 2003, this new initiative is expected to adopt a similar regulatory framework, allowing residents to place bets through various channels, including off-track betting venues, phone lines, and dedicated sports betting apps.
Public Backing: A Resounding Call for Legalization
This push for basketball betting enjoys strong public support, as evidenced by a government consultation conducted in April 2025. Of 1,063 respondents, an overwhelming 94%—comprising academics, athletes, and youth organization members—expressed approval for the initiative. Alice Mak Mei-kuen, Hong Kong’s Secretary for Home and Youth Affairs, emphasized that the proposal aims not to promote gambling but to mitigate illegal gambling activities that pose risks to the community.
Protective Measures: Ensuring Responsible Gambling
To safeguard public interests, the introduction of basketball betting will be coupled with stringent protective measures aimed at minimizing social harm. Key provisions include:
- Age Restrictions: The HKJC will enforce a strict policy prohibiting bets from individuals under legal gambling age.
- Payment Regulations: Credit card transactions will be banned, promoting responsible spending practices.
- Awareness Campaigns: Prominent warning messages regarding gambling risks will be prominently displayed to educate bettors.
- Betting Restrictions: Wagers on matches involving local teams or events hosted in Hong Kong will be prohibited, fostering a healthier gambling culture.
This comprehensive strategy not only aims to capture the considerable revenue from illegal activities but also seeks to cultivate a responsible gambling environment that prioritizes community welfare.
As Hong Kong embarks on this new chapter in its gambling legislation, the successful implementation of basketball betting could serve as a benchmark for future expansions in the sector. By addressing the challenges posed by illicit gambling and prioritizing public safety, Hong Kong is set to enhance its reputation as a regulated gaming hub.
Joe Lyons is a seasoned betting industry writer with extensive experience across reputable gambling platforms. Specializing in long-form content, Joe’s expertise spans various sports, including horse racing, soccer, the NFL, and the NBA, making him a recognized authority in the world of sports betting.
