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Horse Economic Impact - Allen Financial Group
https://www.eqgroup.com/library/eqstats_us/#:~:text=Of%20the%20total%20economic%20impacts%20reported%2C%20approximately%20%2426.1,involved%20as%20volunteers%20or%20through%20a%20family%20affiliation.
Horse Racing in California: Revenue and Regulation
https://lhc.ca.gov/report/horse-racing-california-revenue-and-regulation
Horse Racing in California: Revenue and Regulation . Report #49, July 1982 Horse Racing in California: Revenue and Regulation
How Much Money Do Horse Racers Make? 2022
https://www.ezhorsebetting.com/how-much-money-do-horse-racers-make/
The winning jockey will be given 10% of the winning owner’s share. So, if an owner makes $60,000 from a race the jockey will receive $6,000. Out of this money they are required to pay their valet and jockey agent. The best jockeys in …
Economics – American Horse Council
https://www.horsecouncil.org/resources/economics/
Racing- 1,224,482. Working- 537,261. Estimated number of horses in each of the 50 states #1- Texas, approximately 767,100 horses #2- California, approximately 534,500 horses #3- Florida, approximately 387,100 horses. Land Use by the Equine Industry. 32 million acres of land owned. 49 million acres of land leased for horse-related uses
Horse Racing Purse Money: Where's It From and How's It …
https://horseracingsense.com/where-purse-money-from-horse-racing/
At the track in our example, the payout is the standard rate; 60% of the purse typically goes to the winner, 20% to second place, 10% to third, 5% to 4th, 3% to 5th, and 2% to 6th. So if the purse is $10,000, the winning horse is paid $6000. Ten percent of that goes to the trainer and 10% to the Jockey.
Horse Economic Impact - Allen Financial Group
https://www.eqgroup.com/library/eqstats_us/
Texas has the most horses with 978,822, followed by California (698,345), Florida (500,124), Oklahoma (326,134), and Kentucky (320,173). In terms of total effect on the U.S. gross domestic product, California leads the way at $6.97 billion a year, followed by Texas ($5.23 billion), Florida ($5.15 billion), Kentucky ($3.54 billion), and Louisiana ($2.45 billion).
Gambling in California: An Overview
https://lao.ca.gov/1998/12998_gambling/12998_gambling.html
In 1996, the California horse racing industry grossed $461.3 million from wagers placed on races. This is a 6 percent decline from prior-year revenues. The horse racing industry in California and nationwide is experiencing a steady decline in percent share of total gambling revenues as well as a shift in player betting from on-track to off-track sites.
How Much Does a Jockey Earn per Race? 2022 - Ez …
https://www.ezhorsebetting.com/how-much-does-a-jockey-earn-per-race/
The owner of the winning horse receives 60% of this purse for a total of $30,000. The jockey then receives 10%, or $3,000 of the winner’s purse. Not bad for a single race. On smaller circuits, though, a $50,000 purse is uncommon. Purses for a claiming race can often be $10,000 or less.
An Economic Analysis of the California Thoroughbred Racing …
http://s.giannini.ucop.edu/uploads/giannini_public/d3/8d/d38dafc0-a55c-4cfe-a315-9996a828b0c8/342-thoroughbreds.pdf
Total Purse Money Paid for Major Race Meetings in Northern and Southern California in Nominal DoHars (A) and Real Dollars (B), ... mutuel wagering on horse racing in California in 1933 fostered the growth and development of a large and diverse Thoroughbred racing industry. However, in recent years the racing industry has faced serious challenges,
Where Does the Money Go When You Bet at the Racetrack?
https://melmagazine.com/en-us/story/where-does-the-money-go-when-you-bet-at-the-racetrack
And about that tax money — where does it go? You mean the $20 million that was paid to the state of California just from Del Mar’s track in 2018? Ernst says much of it goes toward funding the sport’s regulator, the California Horse Racing Board. That agency makes sure betting is fair, inspects tracks, tests for drug use and handles other regulations.
Horse-racing contributes billions to our economy - The …
https://www.independent.co.uk/voices/horseracing-contributes-billions-to-our-economy-it-would-be-absurd-to-ban-the-grand-national-a6972921.html
Not only does the sport contribute an estimated £3.45bn to our economy, largely from rural areas, but of the roughly 1m strong horse population, racehorses are the best looked after 2 per cent in ...
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