pros and cons of horse racing

Topics: Horse, Horse racing, Equestrianism Pages: 9 (1568 words) Published: April 21, 2014
Horse racing is an adrenaline filled sport for all the participants. It is a short lived, action packed, joy ride. The sport has increased in popularity over the past several years, due to the need for a rush, and is continuing to rise. Due to this massive influx in size the amount of money the business is contributing to the government is large. The business has also had to hire a multitude of people to help carry out the job of keeping the business as orderly as possible. The enlargement of the horse racing industry has also made the stakes for money in the winning a much bigger deal for owners which means they will do most anything to win. This includes the use of illegal drugs on the horses and many other forms of cheating. When the prize money raises so does the need for as many winning horses as possible for horse owners in the industry. The need for horses has led to an intense amount of over breeding of thoroughbreds. The amount of money contributed to the United States government by the horse racing industry is an incredible amount. On average the sport produces 38.8 billion dollars, of which a whopping $1.88 billion is paid in annual taxes. That amount of money just goes to the United States. Around the world, countries make on average 40.2 billion. For instance, in Europe, horse racing is a widely known event and is tradition to participate in. they make on average about 45.3 billion United States dollars in the horse racing industry. Then, when talking into account supplies and employees, they produce around 101.6 billion us dollars. Governments around the globe benefit highly from the industry and horse racing being banned could have a drastic effect on entire populations from lack of money. Horse racing being banned could also cost millions of people around the globe their jobs and businesses. According to a recent labor poll over 4.6 million people are involved in the horse industry in some way, either as owners, employees, service providers or volunteers. This includes 2 million horse owners, of which 238,000 are involved in breeding. When it comes to competing such as the jockeys and handlers, 481,000 people are involved. When looking at the amount of people involved in other activities such as grooms, veterinarians, and care takers, 1.1 million involved. 119,000 service providers and 702,000 employees, full- and part-time and 2 million family members and volunteers. That means that 1 out of every 63 Americans is involved with horses. Many of these jobs are held by lower-income families. This could be disastrous when taking into account all the people who depend on the money they make from this business. Banning the horse racing industry could affect the local areas around them badly. The results of the one study done by students at the University of Louisville show that the horse business is a highly diverse industry that supports a wide variety of activities in all regions of the country. It combines the primarily rural activities of breeding, training, maintaining and riding horses with the more urban activities of operating racetracks, off-track betting parlors, horse shows and public sales. Usually when people go to watch a race they want to get dinner or spend their newly eared money in the expertly placed, over priced restaurants and shops. These strip mall shops gain money and business from these enthused shoppers. If there is no race track, these shops and small businesses could have a plummet in sales and be shut down for lack of ability to pay. Additionally, the volume of consumers that are driven to the racetracks each year create a need for additional medical care, education for children and families of track staff, as well as the local universities. Having the race tracks removed could lower business income for hospitals and schools as well as universities. The United States alone produces 3 billion from horse racing and tourism. Over 67 percent of activity as well as gambling money come...
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