Over the past 15 years, the turnover from off course horse race betting in the United Kingdom has been on a general trend of decline. As of March 2024, the figure totaled 3.08 billion British pounds. This was both a decrease over the previous year and 46 percent lower than it had been as of March 2009.

Between ************** and **************, 2021, a survey was conducted to determine how often adults in the United States bet on horse racing. The majority of respondents, ** percent, stated that they never bet on horse racing. Meanwhile, **** percent of respondents stated that they bet at least once a week.

Snapshot img

Horse And Sports Betting Market Size 2025-2029

The horse and sports betting market size is forecast to increase by USD 252 million at a CAGR of 11.4% between 2024 and 2029.

The market is experiencing significant growth, driven by several key trends. One of the primary factors fueling market expansion is the increasing digital connectivity, enabling more consumers to place bets online. Another trend is the rising adoption of advanced technologies such as artificial intelligence (AI) and machine learning, which enhance the betting experience and improve accuracy. However, stringent government regulations pose a challenge to market growth, requiring operators to comply with complex rules and restrictions. Despite these challenges, the market is expected to continue its upward trajectory, offering ample opportunities for stakeholders.

What will be the Size of the Horse And Sports Betting Market During the Forecast Period?

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The market In the US continues to experience significant growth, driven by the increasing number of internet users and smartphone users. Digital infrastructure and wireless connectivity have enabled online betting to become a convenient and accessible option for individuals seeking to place wagers on athletic events.



Horse racing and horse racing wagering remain popular categories within this market, with past performance and track conditions being key factors in bettors' decision-making processes. The trend towards digitalization is further evidenced by the rise of casino organizations offering fixed odds wagering on horse races, as well as the emergence of esports betting. According to Datareportal, there are currently over 300 million monthly active internet users In the US, and the implementation of 5G networks is expected to further enhance the user experience for mobile device users.

How is this Horse And Sports Betting Industry segmented and which is the largest segment?

The horse and sports betting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Platform

  Offline betting
  Online betting


Type

  Fixed odds wagering
  Exchange betting
  Live betting
  esports betting
  Others


Geography

  Europe

    Germany
    UK
    Italy


  APAC

    China
    India
    Japan


  North America

    Canada
    US


  South America

    Brazil


  Middle East and Africa

By Platform Insights

The offline betting segment is estimated to witness significant growth during the forecast period.

The market encompasses both online and offline platforms. While online betting is growing in popularity, offline betting remains the largest segment due to various factors. Some individuals prefer the traditional betting experience and are not comfortable with technology. Additionally, government regulations in certain regions limit sports betting to offline channels. Offline betting, including horse racing, is accessible through local bookies and betting shops, allowing customers to bet on credit. The convenience and flexibility of paying later contribute to the continued popularity of offline betting. Despite advancements in technology and the rise of online platforms, offline betting maintains a significant presence In the market.

Get a glance at the Horse And Sports Betting Industry report of share of various segments Request Free Sample

The offline betting segment was valued at USD 219.80 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 48% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

In Europe, the market has experienced significant growth due to the increasing popularity of online betting and the widespread use of smartphones. With Internet connectivity rates averaging between 50% and 60% among European internet users, online betting platforms have gained traction. Regulatory frameworks have become more permissive towards both online and offline betting, creating a secure environment for sports enthusiasts. The presence of numerous bookmakers in major European countries such as Germany, the UK, France, Italy, and Poland, along with the popularity of various sports activities, has further fueled market expansion. Overall, the digital infrastructure and wireless connectivity have enabled easy access to athletic events, making horse and sports betting an increasingly popular pastime in Europe.

Market Dynamics

Our horse and sports betting market researchers analyzed the data with 2024 as th

Discover the booming horse racing software market! This in-depth analysis reveals a $500M market in 2025, projected to grow at a 15% CAGR through 2033. Explore key drivers, trends, and regional breakdowns, including top players like Profit Maximizer and BetMix. Learn how data-driven insights are transforming horse racing betting.

Here are a few use cases for this project:

1. Sports Analytics: The "Horse Racing Level 2" model can be utilized for breaking down video or images from horse races, identifying key features such as the horse's body, number labels, or helmets. This could assist in providing real-time race statistics, horse performance analysis, and tracking the jockey's control by scrutinizing his movement and head orientation.

2. Betting Applications: Computer vision model could be utilized in the creation of platforms for horse racing betting. It can collect data about the horses and their jockeys during the races, enabling users to make informed bets based on a horse's performance or a jockey's strategy visualized by the model.

3. Training Enhancement: Trainers could use this model to monitor and analyze a jockey's form and the horse's performance during training sessions. This could provide crucial insights for improving techniques, strategy and overall performance.

4. Media Coverage: Media outlets could use this model to enhance the viewer's experience by offering deeper insights into the race such as visualizing the number labels, horse details or helmet analysis for audience's better understanding of the race.

5. Event Security: At horse racing events, security officials can use this model to identify specific jockeys or horses based on their helmets and label numbers, respectively. This could assist them in monitoring activities in crowded situations or controlling access to certain areas.

Horse Racing Market Prediction

Tips, Odds, Pool Winnings, and Historical Performance

By Selene Arrazolo [source]

About this dataset

The Horse Racing Market Analysis Dataset is here to help you make informed decisions when it comes to predicting the outcome of a horse race. This comprehensive dataset contains an array of data points that provides insights into factors such as track conditions, weather conditions, total wagers across all runners which can be used to get a clearer understanding on how various elements may influence the outcome of each race. The Markets.csv file also includes crucial details like start time and race number in addition to pool winnings and place margins for each runner in the race. Furthermore, data collected from tipsters can be found within runners.csv along with the odds paid out on each runner's win and place market, form rating of each horse in its past three races, handicap weight and barriers they started from among other metrics. And finally, auxiliary files like conditions CSV which identifies track condition at separate levels or weathers CSV which names weather during particular races provide useful context for understanding when viewing this data set. Through these metrics it is possible gain an insight into what impacts play a bigger role when trying to predict winners so you can increase your chances at placing successful bets!

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How to use the dataset

This dataset provides data on horse racing market analysis and prediction, including race results, information on the runners and their form, details about the weather and track conditions, odds from various sources, and tips from tipsters.

Research Ideas

• Analyzing betting odds for different races and predicting which horses have the highest probability of winning or placing based on the collected data.
• Comparing weather conditions relative to performance in a race and determining if there is a correlation between the two.
• Creating a predictive model that analyzes different factors such as form ratings, distances, handicap weights or blinkers to provide informed tips for horse racing bettors and punters

Acknowledgements

If you use this dataset in your research, please credit the original authors. Data Source

License

License: Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) - You are free to: - Share - copy and redistribute the material in any medium or format for non-commercial purposes only. - Adapt - remix, transform, and build upon the material for non-commercial purposes only. - You must: - Give appropriate credit - Provide a link to the license, and indicate if changes were made. - ShareAlike - You must distribute your contributions under the same license as the original. - You may not: - Use the material for commercial purposes.

Columns

File: runners.csv | Column name | Description | |:-------------------------|:-----------------------------------------------------------------------------------| | collected_at | The date and time the data was collected. (DateTime) | | position | The position of the horse in the race. (Integer) | | margin | The margin of the horse in the race. (Integer) | | handicap_weight | The handicap weight of the horse in the race. (Integer) | | number | The number of the horse in the race. (Integer) | | barrier | The barrier of the horse in the race. (Integer) | | blinkers | Whether the horse is wearing blinkers or not. (Boolean) | | emergency | Whether the horse is an emergency or not. (Boolean) | | form_rating_one | The form rating of the horse in its last race. (Integer) | | form_rating_two | The form rating of the horse in its second last race. (Integer) | | form_rating_three | The form rating of the horse in its third last race. (Integer) | | last_five_starts | The last five starts of the horse. (String) ...

The size of the Horse Betting market was valued at USD XXX million in 2023 and is projected to reach USD XXX million by 2032, with an expected CAGR of XX% during the forecast period.

Discover the explosive growth of the horse betting market, projected to reach [estimated 2033 value] by 2033, with a CAGR of 7.6%. This in-depth analysis explores key drivers, trends, and regional breakdowns, including online vs. offline betting and popular betting types like Win and Forecast. Learn more about top players like Bet365 and William Hill.

The annual turnover of on course horse race betting in Great Britain amounted to ****** million British pounds between April 2023 and March 2024. This denoted a slight increase from the previous year's total of ****** million British pounds.

A sample of Betfair data, normally available to those who spend a lot of money wagering. Horse races only. Other sports are available at https://www.kaggle.com/zygmunt/betfair-sports.

See http://data.betfair.com/ for a description.

The file has 688184 data rows. It is 143 MB uncompressed.

Columns:

• EVENT_ID
• COUNTRY
• FULL_DESCRIPTION
• COURSE
• SCHEDULED_OFF
• EVENT
• ACTUAL_OFF
• SELECTION
• SETTLED_DATE
• ODDS
• LATEST_TAKEN (when these odds were last matched on the selection)
• FIRST_TAKEN (when these odds were first matched on the selection)
• IN_PLAY (IP - In-Play, PE - Pre-Event, NI - Event did not go in-play)
• NUMBER_BETS (number of individual bets placed)
• VOLUME_MATCHED (sums the stakes of both back and lay bets)
• SPORTS_ID
• SELECTION_ID
• WIN_FLAG (1 if the selection was paid out as a full or partial winner, 0 otherwise)

Snapshot img

Horse Racing Market Size 2024-2028

The horse racing market size is forecast to increase by USD 114.5 billion, at a CAGR of 14.71% between 2023 and 2028.

The market witnesses an intriguing interplay of trends and challenges. The involvement of younger generations in horse racing is a significant driver, as this demographic brings fresh energy and enthusiasm to the sport. This demographic shift is evident in the increasing popularity of horse racing events that cater to the younger audience, such as music festivals and tech-savvy initiatives. Another trend shaping the market is the growing adoption of online betting platforms. Technology has transformed the way horse racing enthusiasts engage with the sport, allowing for convenient and accessible betting experiences. This shift towards digital platforms is a response to evolving consumer preferences and the convenience they offer.
However, the market is not without challenges. The rising concerns for animal welfare pose a significant obstacle. The horse racing industry faces increasing scrutiny and pressure to ensure the well-being of its equine athletes. Addressing these concerns requires a collaborative effort from all stakeholders, including race organizers, trainers, and governing bodies. By implementing stricter regulations and investing in research and development, the industry can mitigate these challenges and maintain its reputation as a responsible and ethical pastime.

What will be the Size of the Horse Racing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with various sectors experiencing ongoing dynamics that shape the industry. Veterinary care plays a crucial role in ensuring the wellbeing of equine athletes, with advancements in equine health leading to improved performance and fan engagement. Track conditions and race strategy are critical factors influencing the outcome of races, with media coverage providing real-time updates on these elements. Prize money and performance data are essential tools for horse racing media and gambling regulation, providing valuable insights for fans and stakeholders alike. Social media and online streaming platforms have revolutionized fan engagement, allowing for unprecedented access to racing events and real-time analysis of race statistics.

Governing bodies and racing associations work to maintain integrity and adhere to strict regulations, including drug testing and animal rights. The horse racing industry is a global phenomenon, with events such as the Triple Crown, Royal Ascot, Melbourne Cup, and Breeders' Cup attracting international attention. Racing equipment, including boots, helmets, and racing silks, plays a vital role in ensuring the safety and comfort of horses. Race preparation and training regimens are continually refined to optimize performance, with racing surfaces and race classes catering to various horse breeds and abilities. Pari-mutuel betting and betting exchanges offer fans the opportunity to place wagers on their preferred horses, with fixed odds providing a sense of security and predictability.

Horse racing statistics and betting odds are closely monitored by fans and industry experts, with post-race recovery and race distances influencing the outcome of races. In summary, the market is a dynamic and evolving industry, with various sectors interconnected and influencing one another. From veterinary care and track conditions to fan engagement and gambling regulation, the horse racing industry continues to innovate and adapt to meet the changing needs and expectations of fans and stakeholders.

How is this Horse Racing Industry segmented?

The horse racing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Flat racing
  Jump racing
  Harness racing
  Endurance racing


Revenue Stream

  Betting revenue
  Live event revenue
  Broadcasting rights
  Sponsorship and advertising
  Horse sales and breeding


Geography

  North America

    US


  Europe

    France
    UK


  APAC

    Australia
    Japan


  Rest of World (ROW)

By Type Insights

The flat racing segment is estimated to witness significant growth during the forecast period.

Flat horse racing is a globally popular equestrian sport where horses compete over predetermined distances, ranging from 402 to 4,828 meters. The majority of races take place on turf, with North America predominantly using dirt surfaces. This cultural phenomenon attracts millions of spectators annually, particularly in the UK, where it intertwines with fashion and social events. The sport's strategy and uniqu

The annual gross gambling yield (GGY) of off course horse racing in Great Britain amounted to ****** million British pounds between April 2023 to March 2024. This denoted an increase from the previous period when the country's gross gambling yield reached ****** million British pounds.

Discover the booming horse racing betting market! Our in-depth analysis reveals key trends, growth drivers (online betting, diverse bet types), regional insights (North America, Europe, Asia), and leading companies (William Hill, Betfair, etc.) shaping this multi-billion dollar industry through 2033. Explore market size, CAGR, and future projections.

The global horse racing market is booming, projected to reach $336.5 billion by 2033 with a 14.71% CAGR. Discover key trends, drivers, and challenges impacting this dynamic industry, including online betting, regional variations, and leading companies. Explore the market's lucrative segments and competitive landscape.

Forword

Gambling is bad, m'kay.

This repository provides horse race data for the Hong Kong Jockey Club and the Singpore Turf Club. The data was obtained by scraping their respective public websites, and comes with no guarantee of correctness whatsoever.

A particularly cool thing is that we also provides historical odds for a period of time for HKJC race. Being able to predict what would be the final odds for a given horse on a given race is extremely valuable, but historical data are, as far as we know, not publicly available. We thus wrote a scraper, that ran for 2 seasons, that probed the odds at regular interval up to the race start. This allows for cool time series analysis that can't be done with historical data available on the public websites.

That dataset is provided as a set of compressed CSV files, that can easily be reloaded to a database of your choice, a pandas dataframe, or even Excel if you don't know any better. The HKJC website is just a little less crappy that the TurfClub one, in general HK data contains more information than their Singaporean counterpart.

Original Data

Dataset

horses

List of all the horses (some retired) for HKJC and SGTC that ran a race, up to 2018-07-01.

performances

Each row of this table is the result for a single horse in a single race, with their position, final odds (for first place -- more explicit dividends can be found in the all_dividends table for HK races). This is the main source of information for the statistics you want. Note that some races found in the performance table do NOT have their counterpart in the races table.

This contains historical results from 1979 up to 2018-06-27 for Hong Kong, and 2002-03-08 to 2018-04-24 for Singapore.

races

List of all the races ran between 2016-09-28 and 2018-06-27 for Hong Kong and 2016-09-25 to 2018-04-24 for Singapore. Note that some races not found in this table still have available performances in the performances table.

all_dividends

Each row of this table contains the JSON-encoded dividend results (which can be used to infer the final odds) for each race ran in Hong Kong between 2016-09-28 and 2018-06-27.

sectional_times

Each row contains the sectional times for races ran between 2008-06-05 and 2018-06-27. That's basically, for a given horse in a given race, what was their placing and time at given section of the track.

live_odds

Live odds evolution for Hong Kong race ran between 2016-09-27 and 2018-06-27. HKJC is a "pari-mutuel" system where odds for a given horse / bet evolve up to the start of the race. This dataset was collected by poking for the odds at various interval before a race (with the interval getting smaller as the race was getting closer, since that's when the odds tend to vary the most). As far as we can tell, this kind of information can not be found in historical dataset, and can only be collected in real-time.

Acknowledgement

Foto von Gene Devine auf Unsplash

The total on-course horse race betting through bookmakers in Ireland significantly decreased in 2020 compared to the previous year. In that year, on-course horse race betting through bookmakers amounted to just **** million euros, **** percent less than the year before. On-course horse race through this type of organization peaked in 2012 at over ** million euros.

The online gaming market opened up to competition in 2010. Operators approved by the Arjel and then by the ANJ (National Gaming Authority), since its creation in 2020, can offer online gaming offers for sports betting, horse-race betting and poker. The list of approved operators is available on the ANJ website. Authorised operators shall regularly communicate to the ANJ data on the online gaming market such as: the number of active player accounts, bets, the goal product of the games (turnover), the distribution of sports bets, etc.

Horse Racing Market size was valued at USD 426,992.14 Million in 2024 and is projected to reach USD 802,700.03 Million by 2032, growing at a CAGR of 9.44% from 2026 to 2032.The horse racing industry is experiencing a transformation shaped by evolving technology, shifting consumer behaviors, and an increasing emphasis on entertainment and accessibility. Traditional betting, once confined to racetracks, is now accessible via mobile apps and online platforms. Live streaming, real-time race updates, and virtual horse racing have expanded the audience base, allowing global fans to participate regardless of location. Events like the Kentucky Derby and Royal Ascot continue to captivate fans, turning races into cultural spectacles. Meanwhile, sustainability and animal welfare have become growing priorities, prompting racing organizations to adopt ethical breeding practices, enhanced veterinary care, and safer racecourse designs. The rise of virtual racing and immersive technologies like CGI and AR are further redefining how fans experience the sport.

Market Size statistics on the Horse & Sports Betting industry in the UK

Explore the booming Online Horse Racing Betting market, driven by mobile accessibility and live streaming. Discover market size, CAGR, drivers, restraints, and leading companies shaping the future of online betting.