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Japan’s horse racing purses among the richest in the world
The Japan Cup now has a $5.25M purse, making it one of the most lucrative in the world.
While Criminal Code chapter 23 generally bans gambling in Japan, there are some exceptions, including certain motor sports and horse racing, which the public can legally gamble on. And in the case of the latter, the people of Japan make the most of it having wagered some $22.5 billion throughout the country in 2015, according to CNN. This year, the Japanese public has for the first time been able to legally bet on foreign races.
Jump racing, flat racing, and Ban’ei Racing, or D…