Monday, 02 March 2020 16:20

The Economic Impacts of Horse Breeding, Raising and Racing in Alberta (2019)

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Total Economic Impact

The activities associated with Alberta’s horse racing industry, including breeding, raising, and racing, are greatly beneficial to the provincial economy. Our findings reveal that these benefits amounted to $312 million in 2019. This represents a 7% increase from the impact value from the 2015 analysis.

Positive economic impacts depend on a number of factors including initial expenditures made by horse owners in breeding, raising and racing horses as well as expenditures that are made at horse races.

After accounting for all expenditures related to horse racing, we have concluded that the direct expenditures in the horse racing industry totaled $157 million in 2019. In addition, indirect and induced expenditures further contributed $155 million to the Alberta economy...

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