economic study

Horse Racing in New York Brings $3 Billion to the NYS Economy

Horse racing in New York registered a $3-billion impact on the Empire State's economy and an employment impact of 19,785 in 2023, per results released from the American Horse Council's 2023 Economic Impact Study. "It's impressive to see how much of an economic engine horse racing is in the state of New York," said NYTHA President Tina Marie Bond. "Together with a total economic impact of $3 billion statewide, racing has added over 2,000 direct jobs in the past five years. Racing supports land preservation and green space across the...

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Equine Economic Study Finds Diverse Sectors And Employment Positively Impacted Since 2017

With increases since 2017 in both the total value impacted and equine-related employment, the 2023 findings of the Equine Economic Impact Survey by the American Horse Council (AHC) reflect the positive contributions of the equine industry on the U.S. economy, the organization said via a release Wednesday. The survey offers a comprehensive overview of the economic impact and trends within the sector and highlights how the industry reaches far beyond the pastures and ranch land across the country. Highlights include: Diverse Economic Sectors Impacted: $177 billion. That's the total value...

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New Study Finds Saratoga Generates $371M in Economic Activity

The annual summer meet at Saratoga Race Course generates $371 million in economic activity and 2,937 jobs across the greater Capital Region, according to a new study by the Saratoga County Industrial Development Agency (SCIDA). The report, which was released Monday during a news conference at the Saratoga Performing Arts Center (SPAC), concludes that the overall economic impact generated by the summer meet has increased by 57% since 2014 across the nine-county Capital Region. The newly released study, based on data from 2021, finds that Saratoga Race Course is responsible...

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