The figure is up from £10.9 million in 2007. The Jockey Club emphasized that it is in a better position to increase profits after it handed over its regulatory function of the sport to the British Horseracing Authority in 2006.

The Jockey Club intends to re-invest its profits back into the sport.

Although profits were up, attendances declined from 1.83 million in 2007 to 1.78 million in 2008, despite an increase in fixtures.