JRA opens door to overseas racing

A hold of more than US$40 million on a single horse race might seem substantial in most racing jurisdictions — the stuff of dreams, in fact —but for Japan it is a drop in the ocean, and now overseas races are finally getting a taste of the action. It can take a while for the bureaucratic wheels to start turning within the Japan Racing Association (JRA), but the nation’s ravenous horse racing bettors have been unleashed on a selected number of overseas events. Japan boasts by far the biggest betting revenue on horse racing in the world, with total turnover on the sport of around $23 billion per annum, more than double that of the United States and France, and even holding a sizeable gap on regional giants Australia and Hong Kong. Until now those numbers have been for betting on around 3,400 JRA domestic races per year, but now the JRA...

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