Economic Benefits Of The Horse Racing Industry

This industry can have some improvements, but there are many benefits within the business. Horse racing provides many jobs, seasonal and full, adding up to about 701,946 total employees. There is also a large impact on our economy, as horse racing generates a $39 billion total economic impact every year and has a total influence of $101.5 billion on the U.S. GDP. Also, this industry pays about $1.9 billion in taxes. Race horses are also treated very well; receiving things like massages and cooked meals. These horses also contribute to scientific studies. However, there are some problems in the industry. There is a problem with slaughterhouses as well as harmful recovery methods when a horse is seriously injured. This is why many organizations