Horse racing is an equestrian (rider of the horse) performance sport. For the competition, the horse racing market, involves two or more horses ridding by “Jockey” (horseman) or sometimes riding without a horseman over a specific distance.
It is one of the ancient sports, as its basic assumptions are to identify which horse is the fastest horse over the specified distance (set course) and it has been unchanged since ancient times.
Whereas, horse racing has been modified widely according to the schemes and agreements. Due to the variations, there are various restrictions on the racing of particular breeds like running over different distances, over obstacles, running on different tracks, and running in different giants.
A Handicapping in the horse racing market is the race where each horse is assigned a weight according to the horse’s ability to carry the weight in an attempt to equalize the chances of every horse winning. But sometimes horses are raced only for sports. While the main part of horse racing by interest and economic influences is gambling (Betting) connected with it.
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Market segment by Type, covers
Market segment by Application, can be divided into
Market segment by players, this report covers
Hong Kong Jockey Club
Macau Jockey Club
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
In 2020, the horse racing tracking industry market size in the United States was estimated at approximately 3 billion US dollars. Whereas, the market was predicted to grow by 3.52 billion Us dollars in the year 2021.
However, horse racing is a money-making profitable sport that is popular globally. While, price money for horse races globally reaches approximately $3.5 billion per year, and the horse racing global betting industry creates approx. $116 billion as a revenue per year, according to the International Federation of Horseracing Authorities.
As a result of Covid-19, the Horse and other related production industries have experienced average growth over the last five years, although considering decline in 2017 and 2020 the annual income of the market has decreased.
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