For the most part, yes, especially if the races were part of a religious festival where the emperor had to preside. In fact, the emperor didn't even have to leave his house to view the races, as the imperial mansion on the Palatine hill overlooked the Circus Maximus.
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The had many chariot races there and it was also a mass entertainment spot too
Because they had not has much entertainment as we have. They only had choice between theater, gladiator fights and chariot races. They liked chariot races because this is action, adrenaline, ect. Chariot races are like car races today.
It Was The Emporeor
The emperors Augustus and Hadrian introduced laws which limited the amount of money which was spent on staging the gladiatorial games. This was because enormous sums were spent on this by elite people and there were worries that this could bring them to financial ruin. However, these measures were largely ignored and some emperors sent a fortune on staging large scale games which sometimes lasted for very long periods of time. This was particularly a problem for the gladiatorial games. The chariot races were less expensive.
Although they were not as bad as gladiators, Chariot races were extremely violent. For example, if they were knocked off, they could be trampled to death by the horses.