In 1957, the Nihon Jitensha Shinkōkai (NJS; also known in English as the Japanese Keirin Association) was founded to establish a uniform system of standards for the sport in Japan. Today keirin racing is regulated by the JKA Foundation. In 2011, the sum of bets placed on keirin races exceeded ¥600 billion (approximately US$5 billion), and the number of attendees in the races was approximately 4.9 million people.[5]