The Japan Motor Boat Racing Association has announced increased sales and users in 2020, with its Annual Report showing sales for the year topped JPY2.09 trillion (US$19 billion), an increase of 35.7% from the previous year.
The JPY500 billion (US$4.5 billion) year-on-year increase meant 2020 was the first time annual sales for boat races have broken the JPY2 trillion barrier in 28 years – the last coming in 1992 when sales were JPY 2.08 trillion (US$18.9 billion).
The total number of user transactions in 2020 was 378.2 million, an increase of 8.2%.
The record high stands at JPY 2.2 trillion (US$19.9 billion), achieved in 1991, however 2020 sales figures threatened that figure for the first time in years.
Officials cited the “spread of internet betting in the COVID-19 pandemic” and “inflow from the pachinko/pachislot industry” as reasons for the strong performance, adding that 2021 has started off in a similarly impressive fashion.
The Japan Racing Association also recently announced a 3.5% increase in sales in 2020 to JPY2.9 trillion (US$26.3 billion).