the Members’ Enclosure. And also the charge for admission to the Members’ Enclosure is $2 per day. By comparing the lowest wage in 1929, we observe that the lowest wage is around $12 ( $0.4 per day) which has a large distance for the requirement enclosure. Therefore, we can observe that the race meetings are mainly opened for upper class mostly while grass-root has a lower chance to touch horse racing activity. Nowadays, the Hong Kong Jockey Club is a cornerstone of modern Hong Kong. It donates all its profits to the Hong Kong government, charities and public institutions. It is the territory's largest taxpayer, contributing 11% of the government's revenues in 2000. In economic terms, the Hong Kong Jockey Club is an old-fashioned government-protected monopoly; all other forms of gambling are illegal in this industry. Hong Kong—Sweepstakes Sweepstakes were introduced in Hong Kong during the 1920s. There are three types of sweepstakes which are the Special Cash Sweeps, the Last Race Sweep and the Ordinary Cash Sweeps. Special Cash Sweeps were at first drawn twice a year, and increased to three times a year later given its popularity. It carried the highest prize money amongst three types of sweepstakes. The Last Race Sweep commanded higher prize money then Ordinary Cash Sweeps, which were drawn for almost every race and therefore carried the lowest prize money. Sweepstakes could be purchased either at sweepstakes stations or from sweepstakes vendors throughout Hong Kong. With different numbers print on each sweepstake, one sweepstake is drawn and assigned, for each horse participating in the race, and the sweepstake attached to the winning horse would win the first prize. Likewise, the number of the first runner-up and second runner-up would win the second and third prize, respectively, with the rest winning consolation prizes. With the introduction of new bet types in horse racing and the launch of the Mark Six lottery in the 1970s, the club finally stopped selling sweepstakes in 1977. Macau Jockey Club of Macau was established for harness racing. It started to conduct horse races in 1989. India India's first racecourse was set up in Madras in 1777. Today India has nine racetracks operated by seven racing authorities. Japan Japan has two governing bodies that control its horseracing – the Japan Racing Association (JRA), and National Association of Racing (NAR). Between them they conduct more than 21,000 horse races a year. The