New York State Equine Industry Economic Impact Study 2012

The Innovation Group was hired by the New York Horse Racing and Agriculture Industry Alliance to assess the economic value of the horse industry in the State of New York, focusing on economic benefits and jobs. The horse industry significantly contributes to the economy, primarily through racing, recreational horse ownership, and horse showing. The economic contributors on the racing side include the racetracks, breeders, trainers, owners of racehorses, and simulcast wagering entities. The major contributors on the recreation and showing side include commercial horse enterprises, recreation horse owners, and show organizers and participants. These front-line entities support many other area industries, most notably agriculture, construction and horse-related services.