John Hannum
Study: Economic Impact of Virginia Racing Industry Over $542 Million
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April 12, 2021
The horse racing and breeding industry in Virginia generated an estimated economic impact of $542.1 million in the state in 2019, according to a study commissioned by the Virginia Equine Alliance. "What we're finding is that jobs are coming back, horse racing related expenditures are up, and tax revenue to the state is increasing," said John Hannum, Executive Director of the Virginia Equine Alliance. "These are all very positive signs that the racing industry is moving in the right direction and benefiting the Commonwealth's agribusiness and related businesses. Racing was...
