economic impact horse racing

A newly released economic impact study conducted by the University of Louisville's Departments of Equine Administration and Economics reveals that Keeneland's racing operations, annual Thoroughbred auctions, supporting business lines and investment in new construction generates an estimated $1.6 billion for Fayette and its surrounding counties, the track said in a press release issued on Wednesday. The study also noted that around 64% of racing patrons come from outside Kentucky, while around 67% of those attending and participating in the annual horse auctions come from outside the state. Of those attending...

Wagering on U.S. races, plus available and paid purses, all saw increases to varying degrees when compared to a year ago in August, while the number of race days and races themselves saw a slight uptick during the month, according to information released by Equibase on Thursday. Total wagering of over $1.1 billion on races during the month represented a 5.53% increase over the same period from 2023, while available purses of over $142.7 million were up by 7.38%. The figure of over $136.6 million for paid purses in August...

The launch of a new television advertisement was announced by officials at We Are NY Horse Racing Friday, titled 'Community.' It seeks to further educate and inform New Yorkers about the importance of horse racing to the New York State economy. The ad will air on broadcast and cable networks across the state beginning Friday, with additional ads to be unveiled in the coming months. The ad also appears on YouTube, below. [tdn_video service="youtube" videoid= "DGMHF4HIblw"]