On September 11, Hong Kong’s legislature made a landmark decision by approving the Betting Duty (Amendment) Bill 2025. The bill passed with overwhelming support, receiving 77 votes in favor, two against, and two abstentions, paving the way for legal basketball betting in the city for the first time in over two decades.
The newly approved law stipulates a 50% duty on net profits from basketball gambling. The Hong Kong Jockey Club (HKJC) has been designated as the sole licensed operator, with the Secretary for Home and Youth Affairs, Alice Mak, having the authority to issue this license. The government clarified that the objective is not to promote gambling but to curb illegal betting activities that have been flourishing.
Alice Mak highlighted the government’s commitment to combat illegal gambling, emphasizing increased enforcement and educational campaigns. “Combatting illegal gambling remains a priority,” she insisted, revealing plans for strengthened efforts and a fifth education and support center funded by the Ping Wo Fund, specifically aimed at youth engagement.
In 2024, HKJC reported that illegal basketball betting generated a turnover of HK$70–90 billion (approximately $8.98-$11.54 billion), with around 430,000 local residents participating in these unregulated markets. The legalization aims to redirect this activity into a regulated framework, addressing a societal trend deeply rooted in modern smartphone usage, as noted by legislator Nixie Lam.
Despite the positive outlook, some remain cautious, recalling the 2003 legalization of football betting, which led to increased gambling revenues and a notable rise in younger participants. However, government data indicates that the percentage of under-18s seeking help for gambling addiction has remained relatively low. Authorities are nonetheless committed to introducing more youth-centered safeguards, including a new center focused on promoting responsible gambling.
The idea of legalizing basketball betting was initially proposed by Financial Secretary Paul Chan in his February 2025 budget speech, projecting annual tax revenues of HK$1.5–2 billion ($192-$256 million). This financial boost is expected to assist Hong Kong as it navigates fiscal challenges.
A specific launch date for legal basketball betting has not yet been announced, as the final ruling awaits publication in the Hong Kong Gazette.
This development is seen as a significant step in modernizing Hong Kong’s gambling framework. By regulating basketball betting, the government aims to not only generate substantial tax revenue but also minimize the risks associated with the black market. Legislators supporting the bill argue that this move is a pragmatic response to an already prevalent activity, contending that regulated environments offer better protection for participants.
Conversely, critics argue that while regulation may reduce illegal activities, it could also normalize gambling, potentially increasing participation rates, especially among youth. This concern echoes the societal debates from the early 2000s when football betting was legalized.
Proponents of the bill emphasize the potential for increased government revenue and enhanced public safety through regulation. They argue that with proper safeguards and education, the risks can be mitigated. However, the true impact will largely depend on how effectively these measures are implemented and monitored.
The coming months will be crucial in setting up the infrastructure and ensuring that the newly legalized market operates within the regulatory framework. Stakeholders are keenly watching how these changes will unfold, particularly in terms of their impact on public behavior and government finances.
As Hong Kong navigates this new chapter in its gambling policy, the balance between economic benefits and social responsibility remains at the forefront of discussions. The success of this initiative will likely serve as a benchmark for future policy decisions in the region.
