A study done by SERECON has identified the importance of horse racing to Alberta’s economy.
The activities associated with Alberta’s horse racing industry, including breeding, raising, and racing, are greatly beneficial to the provincial economy. Our findings reveal that these benefits amounted to $312 million in 2019. This represents a 7% increase from the impact value from the 2015 analysis.
Positive economic impacts depend on a number of factors including initial expenditures made by horse owners in breeding, raising and racing horses as well as expenditures that are made at horse races.
After accounting for all expenditures related to horse racing, we have concluded that the direct expenditures in the horse racing industry totaled $157 million in 2019. In addition, indirect and induced expenditures further contributed $155 million to the Alberta economy.
from Alberta Thoroughbred Owners and Breeders Association
Horse racing is in Alberta’s blood, and continues to be part of our provincial heritage.
The activities associated with Alberta’s horse racing industry, including breeding, raising, and racing, are greatly beneficial to the provincial economy.
Activities associated with horse racing total $312 Million.
Horse racing has a notable impact on rural Alberta, with a total economic impact on rural areas of $97 Million.
Direct spending related to Quarter Horse, Standardbred and Thoroughbred breeding and racing
▪ $51 million for breeding and raising horses that will eventually compete
▪ $46 million for agricultural inputs related to racing activities
Racing horses is big business and contributes $108 Million to urban economy.
4,800 people are involved in the Alberta horse racing and breeding industry.
Horse racing is crucial to the overall economic diversity of the Alberta Economy! Access the full report here.
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