The market size of the horse racing track industry in the United States was valued at over three billion U.S. dollars in 2020, reflecting a decrease over the previous year's size of almost five billion U.S. dollars. The sector was forecast to reach 3.68 billion U.S. dollars in 2022.

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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 is experiencing significant growth, driven by several key trends and factors. One notable trend is the increasing involvement of younger audiences in horse racing, as evidenced by the rising popularity of events like the Kentucky Derby and the Royal Ascot among millennials. Another trend is the rise in the adoption of online betting platforms, which has made horse racing more accessible and convenient for fans around the world. However, the market also faces challenges, including growing concerns for animal welfare and the potential for regulatory issues in various jurisdictions. Despite these challenges, the horse racing industry continues to thrive, driven by its rich history, tradition, and the excitement of live racing events.

What will be the Size of the Market During the Forecast Period?

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The market is an age-old tradition that continues to captivate audiences worldwide. This industry encompasses various aspects, including training regimens, professionalism, and the roles of trainers, jockeys, breeders, owners, and bettors. In this analysis, we delve into the key trends and developments shaping the market. The integration of technology advancements, such as Artificial Intelligence, has transformed the industry, making it more accessible and immersive for fans. Horses undergo rigorous training regimens to ensure they are at their best during races. Trainers employ various techniques to optimize their horses' fitness and conditioning, focusing on both physical and mental well-being.

Moreover, Jockeys, too, play a crucial role in maximizing a horse's potential, employing expert riding skills and race strategy. Breeders and trainers prioritize the health and well-being of their horses, adhering to ethical practices and implementing the latest advancements in horse care. This commitment to animal welfare not only benefits the horses but also enhances the reputation of the industry. Fans can now watch races live, place bets online, and access real-time race information from anywhere.

Furthermore, technology advancements, such as artificial intelligence, are being integrated into various aspects of the industry, from race analysis to horse health monitoring. However, there is a growing focus on sustainability and reducing the industry's environmental impact. Initiatives include the use of renewable energy sources at racetracks and the promotion of eco-friendly practices among participants. Breeders invest significant resources in producing top-performing horses, while owners take pride in their horses' achievements.

In addition, the market also offers various opportunities for individuals to invest in horse ownership, making it an attractive proposition for those with disposable income. By staying informed of these trends, industry participants can position themselves for success and contribute to the ongoing growth and innovation of this captivating industry.

Market Segmentation

The market 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

    UK
    France


  APAC

    Japan


  Middle East and Africa



  South America

By Type Insights

The flat racing segment is estimated to witness significant growth during the forecast period.Flat racing is a popular spectator sport in which horses compete against each other over a set distance, ranging from 402 to 4,828 meters. The majority of these races take place on Turf, surfaces, which are natural grass tracks, although in North America, dirt surfaces, composed of sand and local soil, are more common. With millions of people attending race meetings annually, particularly in the UK, flat racing holds significant cultural and economic importance. This sport is deeply ingrained in the culture, often accompanied by fashion and social gatherings. The thrill of flat horse racing lies in its speed, strategy, and the unique bond between horses and jockeys.

Furthermore, online platforms have revolutionized the way people engage with this dynamic and integral part of the equestrian sports landscape. Horse ownership and breeding have become more accessible, allowing individuals to invest in their passion. Wagering on races has also become easier than ever before, with various online betting sites and apps available. Racetracks offer hospitality experiences, providi

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 2023, the figure totaled 3.33 billion British pounds. While this was a slight increase over the previous year, it was nevertheless 42 percent lower than it had been as of March 2009.

Global Horse Racing Market accounted for USD 402.3 Billion in 2022 and is expected to reach USD 793.9 Billion by 2030, growing at a CAGR of 8.89%.

United States and Europe Horse Racing Market size was valued at USD 292 Billion in 2024 and is projected to reach USD 538 Billion by 2031, growing at a CAGR of 8.73% from 2024 to 2031.

Some of the growth market drivers are growing disposable income to drive market growth. Rising household incomes would certainly benefit the sector since consumers will have more money to spend on on-track services like food and beverages. As disposable income rises, consumers prefer to spend more on discretionary goods and services, such as horse racing betting and other sector services. In the future years, per capita disposable income is likely to rise, creating an opportunity for the industry.

Between September 13th and September 16th, 2021, a survey was conducted to determine how often adults in the United States bet on horse racing. The majority of respondents, 79 percent, stated that they never bet on horse racing. Meanwhile, four percent of respondents stated that they bet at least once a week.

This is a MD iMAP hosted service layer. Find more information at http://imap.maryland.gov. Maryland Sports (http://www.marylandsports.us/) has identified sport venues located within the State of Maryland. These venues offer opportunities to participate in free and fee-based - organized and pick-up - indoor and outdoor sports and physical fitness related activities in the area of Horse Racing. Last Updated: 08/2014 Feature Service Layer Link: http://geodata.md.gov/imap/rest/services/Society/MD_SportVenues/FeatureServer/30 ADDITIONAL LICENSE TERMS: The Spatial Data and the information therein (collectively "the Data") is provided "as is" without warranty of any kind either expressed implied or statutory. The user assumes the entire risk as to quality and performance of the Data. No guarantee of accuracy is granted nor is any responsibility for reliance thereon assumed. In no event shall the State of Maryland be liable for direct indirect incidental consequential or special damages of any kind. The State of Maryland does not accept liability for any damages or misrepresentation caused by inaccuracies in the Data or as a result to changes to the Data nor is there responsibility assumed to maintain the Data in any manner or form. The Data can be freely distributed as long as the metadata entry is not modified or deleted. Any data derived from the Data must acknowledge the State of Maryland in the metadata.

The horseracing data used to build the models in "Predicting the Outcome of a Horse Race"

In 2024, the total turnover of horse race (keiba) betting in Japan amounted to approximately 3.31 trillion Japanese yen. Horse racing generates the highest turnover among betting sports in Japan, followed by motorboat racing and bicycle racing.

The Horse Racing Rulings report lists any fines and suspensions issued by the New York State Gaming Commission’s Division of Horse Racing and Pari-Mutuel Wagering.

Horse racing-Great Britain-History is a book subject. It includes 19 books, written by 17 different authors.

The global horse racing betting services market size is valued at USD XXX million in 2025 and is projected to reach USD XXX million by 2033, exhibiting a CAGR of XX % during the forecast period. This growth can be attributed to the increasing popularity of horse racing, the convenience and accessibility of online betting platforms, and the rising disposable income of horse racing enthusiasts. Key market drivers include the increasing legalization of sports betting in various regions, the growing use of mobile devices for online betting, and the increasing popularity of live streaming of horse races. North America and Europe are expected to dominate the market throughout the forecast period, owing to the well-established horse racing industry and the presence of major betting operators in these regions. The Asia-Pacific region is expected to witness significant growth, driven by the increasing popularity of horse racing in China, India, and Japan. Key industry trends include the increasing adoption of blockchain technology for secure and transparent betting, the use of artificial intelligence (AI) to analyze horse racing data and provide insights, and the growing popularity of social betting platforms.

The annual turnover of on course horse race betting in Great Britain amounted to over 238 million British pounds between April 2022 and March 2023. This shows an increase from the previous year's total of 151.86 million British pounds.

This dataset is about book subjects and is filtered where the books includes Horse racing : records, facts and champions, featuring 10 columns including authors, average publication date, book publishers, book subject, and books. The preview is ordered by number of books (descending).

Macau Gaming: Gross Revenue: Horse Racing data was reported at 19.000 MOP mn in Sep 2018. This records a decrease from the previous number of 26.000 MOP mn for Jun 2018. Macau Gaming: Gross Revenue: Horse Racing data is updated quarterly, averaging 91.000 MOP mn from Mar 2005 (Median) to Sep 2018, with 55 observations. The data reached an all-time high of 248.000 MOP mn in Mar 2005 and a record low of 19.000 MOP mn in Sep 2018. Macau Gaming: Gross Revenue: Horse Racing data remains active status in CEIC and is reported by Gaming Inspection and Coordination Bureau. The data is categorized under Global Database’s Macau SAR – Table MO.Q017: Gaming Statistics.

The Horse Racing Radio Network is a comprehensive online platform providing a wide range of horse racing-related content, including radio shows, podcasts, and live broadcasts. The network features various shows, such as Trainer Talk, Equine Forum, and Betting with Bobby, which provide insights and expert opinions on the horse racing industry. Additionally, the network provides live radio broadcasts of major horse racing events and showcases, allowing listeners to stay up-to-date with the latest news and developments in the sport.

The Horse Racing Radio Network is supported by a diverse range of sponsors and partners, including TwinSpires, Fasig-Tipton, 1ST Bet, and Gulfstream Park, among others. The network's content is available on-demand and can be accessed through their website, podcast platform, or social media channels. With a focus on providing high-quality content and expert analysis, the Horse Racing Radio Network has established itself as a go-to resource for horse racing enthusiasts and professionals alike.

The statistic displays the results of a survey on the people who participated in horse race gambling at least once in the past four weeks in Great Britain (GB) from 2015 to 2020. In 2020, approximately 2.9 percent of respondents participated in horse races gambling at least once in the past four weeks, a decrease over the previous year.

Horse racing-Economic aspects-Great Britain-History is a book subject. It includes 3 books, written by 2 different authors.

This dataset is about book subjects and is filtered where the book subject is Horse racing-Fiction, featuring 6 columns including average publication date, book subject, earliest publication date, latest publication date, and number of authors. The preview is ordered by number of books (descending).

Very few French people said they bet on a horse race at least once in 2019. It appears that the age group most likely to have placed a bet on a horse race was the 45-54 years old, as 4.3 percent of them said that had already bet on a horse race. The age group that had the less persons having played this kind of game was the 18-24 years old.