economics of horse racing

The number of race days was lower and so was wagering compared to a year ago in March, according to information released by Equibase on Friday. Total wagering of $931,202,013 on races during the month represented a 4.20% decrease over the same period from 2024, while available purses of almost $98 million were lower by 4.23%. The figure of over $93 million for paid purses in March was also down by 4.84%. As for the total number of race days, they decreased from 285 to 263 (-7.72%) and the number...

In Global Views, Godolphin Flying Start trainees provide insight into practices experienced and observations taken on their worldwide travels. Second-year trainee Rachel Wade discusses how racing must gain a clearer understanding of its economics. Often vaguely described, economics is a study in human choice and behavior and their effect on society. The term has historically carried a monetary connotation but really delves into how different choices are made, why humans make those choices and what the implications of those choices are to industry and the wider economy. As such, it...