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Horse racing market
With millions of spectators worldwide, the horse racing industry has maintained its popularity for centuries. Now a multi-billion-dollar market, this sporting event shows no signs of slowing down.
Horse racing is one of the most widely attended spectator sports in the USA and the second-most popular spectator sport in the UK, coming only behind football. Approximately six million people attend the races each year in Britain alone.
Further afield, horse racing is very popular in France, Australia, the USA, Canada, Hong Kong, and Malaysia, while in Japan, fans are known to sleep in the queue for big events. Horse racing is one of the most popular spectators' sports attracting millions of people each year.
The global Horse Racing Market size was valued at $ 300 billion in 2019 and is expected to grow significantly over the next decade. The analysts have been monitoring the horse and sports betting market and it is poised to grow by $ 139.52 billion during 2020-2024 progressing at a CAGR of 9% during the forecast period.
Source: © Equine Business Association 2019
Horse racing is expected to bypass football soon which is considered the most popular sport on the planet today.
Source: © Technavio Research, Business Wire 2020