Hanoi wants to build a Formula 1 circuit in the capital of Vietnam. But first, the government must lay the groundwork for the public acceptance of sports betting in the country.

According to several Vietnamese new outlets, the city has already tapped a foreign group to conduct a study while it calls for investment in the project.

But for the racing circuit to succeed, the government needs to allow sports betting in order “to earn more from the sport of car racing,” a source familiar with the matter told Tien Phong.

According to the official, “People from around the world, not just those in Hanoi and Vietnam, should be allowed to place their bets. This will be a major source of income.”