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The Economic Impact of Horse Racing
https://horseracing-facts.com/2020/03/the-economic-impact-of-horse-racing/
The Economic Impact of Horse Racing The U.S. horse industry encompasses all horse-related activities, including farming and sport and recreation, and adds $122 billion to the U.S. economy. According to the American Horse Council’s 2017 Economic Impact report, the horse industry also has a total employment impact of more than 1.7 million jobs.
Economic impact of the horse industry | UMN Extension
https://extension.umn.edu/horse-ownership/economic-impact-horse-industry
The total economic impact of the horse industry in the United States is $122 billion, creating 1.7 million jobs. About 31 percent of United States households contain a horse enthusiast. Minnesota ranks 18th for the state with the greatest horse population. The horse industry contributes $1 billion and over 15,000 jobs to the Minnesota economy.
Horse Economic Impact - Allen Financial Group
https://www.eqgroup.com/library/eqstats_us/
Of the total economic impacts reported, approximately $26.1 billion is generated from the racing segment, $28.8 billion from the showing segment, and $32.0 for the recreational segment. Approximately 1.8 million people own horses, with another 2 million people involved as volunteers or through a family affiliation.
Economics – American Horse Council
https://www.horsecouncil.org/resources/economics/
The horse industry contributes approximately $50 billion in direct economic impact to the U.S. economy, and has a direct employment impact of 988,394 jobs. Additionally, the industry itself contributes $38 billion in direct wages, salaries, and benefits
The 2017 Economic Impact Study of the U.S. Horse Industry
https://www.equinebusinessassociation.com/2017-economic-impact-study-u-s-horse-industry/
The U.S. horse industry has an economic impact of around $122 billion, which is $20 billion dollars more than the estimation made in the 2005 study. The industry also employs around 1.74 million people, and is responsible for 7.2 million horses, with Texas, Florida and California having the highest horse populations.
Economic Impact OF THE HORSE INDUSTRY - NYTHA
https://nytha.com/wp-content/uploads/2018/08/AHC_Economic_Study_2018.pdf
The economic activity involved in caring for New York’s estimated 154,000 horses, along with the spending by horse enthusiasts in their pursuit of horse events and recreation, has a nearly $5.3 billion impact on New York’s economy and supports a total of 42,400 jobs. Total Output to the New York Economy:$5.3 billion.
Economic Impact of the Horse Racing and Breeding …
https://www.extension.purdue.edu/extmedia/ID/ID-445-W.pdf
ID-445-W Economic Impact of the Horse Racing and Breeding Industry to Indiana million for Indiana. The 2005 study reported $5 million paid in state and local taxes by the racehorse industry. The horse industry in the United States contributes $39 billion in direct economic impact to the U.S. economy and supports 1.4 million jobs on a
Economic Impact of the British Horse Racing Industry
https://www.horsereporter.com/brexit-and-the-british-horse-racing-industry/
*Employment –Over 17,400 FTE employment in the industry including approximately 450 jockeys, 550 trainers and 6,500 stable staff. The European Thoroughbred racing and breeding industry *The European Thoroughbred horse racing sector has an annual economic impact of €12 billion and directly employs155,000 people in a variety of roles.
Economic impact of British Racing for the British …
https://www2.deloitte.com/uk/en/pages/sports-business-group/articles/economic-impact-of-british-racing.html
The reports are the definitive guides into the impact of the horseracing industry in terms of revenues and expenditure, employment, taxation generated, capital investment, media exposure, its relationship with the betting industry, etc. The reports have provided valuable advocacy, educational and promotional tools for the industry.
Is the Sport of Horse Racing a Dying Industry?
https://horseracingsense.com/is-sport-horse-racing-dying-industry/
The horse racing industry was valued at three billion dollars back in 2020, reflecting a decrease of over 5 billion dollars over the previous years. Additionally, from 1985 to 2015, horse racing experienced a 3% decline in the polls, and recent studies show that this sport has continued to decline over the past two decades.
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