Global Horse Racing Market Size, Share, Opportunities, And Trends By Race Type (Win Bet, Single, Double, Treble, Others), By Mode of Racing (Online, Racecourse, Lottery Store, Others), And By Geography - Forecasts From 2025 To 2030

Horse Racing Market Size:

The global horse racing market is expected to grow at a CAGR of 7.45%, reaching a market size of USD 182.393 billion in 2030 from USD 127.339 billion in 2025.

Horse Racing Market Key Highlights:

Horse Racing Market Trends:

Horse racing remains one of the most popular and enduring sports in the equestrian world, known for its high-speed competition, tradition, and strong connection to the global betting industry. The sport exists in several forms, including flat racing, jump racing (steeplechase), and harness racing.

In flat racing, horses compete on level tracks over predetermined distances without any obstacles, emphasizing speed and stamina. Jump racing involves horses racing while clearing fences or hurdles, testing both agility and endurance. Harness racing, on the other hand, features horses trotting or pacing while pulling a two-wheeled cart, or sulky, with a driver.

Globally, horse racing continues to thrive with major events such as the Kentucky Derby, Melbourne Cup, Royal Ascot, and Dubai World Cup, attracting large audiences and significant media coverage. These events not only showcase elite racehorses but also support breeding programs, tourism, and fashion industries.

A key trend shaping the modern horse racing landscape is the digitalization of betting and race viewing. Online betting platforms and real-time race streaming have expanded the sport’s reach, attracting younger audiences and increasing global participation. Advances in racehorse training technologies, performance analytics, and genetic profiling are also reshaping breeding and racing strategies.

Moreover, increasing focus on animal welfare, sustainable track management, and ethical betting practices is influencing regulatory changes and public perception of the sport.

Horse Racing Market Growth Drivers:

• The growing popularity of horse racing is expected to bolster the market expansion. 

Horse racing has become a dynamic sport that is gaining traction in various major economies, with investments being made in sports development. An encouraging image of the sport entices a variety of participants, including young people and women, which fosters inclusivity and broader interest. According to the Jockey Club, in the UK, horse racing is the second most commonly watched activity after football, with annual race attendance being about six million, and 40% of the population being women. 

It is also common in other nations, including France, Australia, the USA, Canada, Hong Kong, and even Malaysia, with some extreme fans in Japan going as far as sleeping outside in lines for major shows. In addition, based on data reported by the British Horseracing Authority (BHA) Racing and Industry Statistics from 2019 to 2023, the increase in total horse runners in 2023 stands at 87,619 compared to 86,419 in 2022, which will contribute to growing the market in the coming years.

• The establishment of betting and gambling platforms for horse racing has stimulated market growth.

The global horse racing market is on a steady upsurge, propelled by the fan base, the endorsement by celebrity figures, and the ease of online betting platforms. Numerous companies provide horse racing as a sport and a means of making a profit by betting. One of the horse racing providers is the British Horseracing Authority, the group that is in charge of horse racing in Britain, where it seeks to promote, develop, and sustain all horses and other participants involved in the activity. Moreover, some betting firms, such as Betfair, have developed peer-to-peer platforms that revolutionize betting on horse races by enabling users to bet against each other rather than the horse.

The British Horse Racing Authority group's revenue was predominantly derived from the racecourse, which generated £ 25,729 million in 2023, a growth from £23,603 million a year earlier. The extension of these equestrian competitions worldwide, the use of social networks, and the use of digital platforms for such engaging activities have increased the number of fans.

Horse Racing Market Restraints:

• Concern over the ill treatment of race horses.

Horse racing involves striking the horse with a whip to increase its speed, and such a strategy though, decides the final outcome in terms of winning, however it also has an adverse impact on the horse health since continuous striking can inflict which can lead to injury. Moreover, since the winner is awarded with heavy prize winnings, hence to get such a prize requires various tactics, inclusive of drug abuse and rigorous training, which can also deteriorate the overall performance. 

Horse Racing Market Segment Analysis:

• The racecourse segment, based on the mode of racing, will account for a considerable market share.  

Based on the mode of racing, the racecourse is expected to constitute a significant market share, since In-person race betting allows the bettors to enjoy the traditional social experience and live horse racing. There is also the aspect of trackside, which allows the fans to view the races at an even deeper level, and the level of engagement and excitement increases. There is more than just a race; for instance, these days, spaces at racetracks offer luxurious amenities. These amenities include restaurants offering gourmet meal services, lounges and bars, and special events such as thematic race days or concerts. Such great packages and deals are why the racetrack is a favorite spot for horse racing fans and the general public, who do not mind visiting the location for fun and recreation.

Moreover, racetracks also have betting facilities within the grounds, completing the services offered to the patrons. Along with the tote boards displaying the current odds and betting options, these centres also provide easy race information such as statistics and live updates. There are also betting experts present at the venue, making it easy and interesting for the active participants so that they do not have difficulty deciding how best to place their bets.

Horse Racing Market Geographical Outlook:

• North America is expected to account for a significant share of the market during the forecast period. 

Geographically, the global horse racing market has been segmented into North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. 

During the forecast period, North America will hold a considerable share of the market, which is attributable to the growing appeal of horse riding as a sport in major regional economies, namely the United States. Hence, various horse racing events such as the Kentucky Derby, the Belmont Stakes, and the Preakness Stakes have become major social events in the US, attracting thousands of visitors from within and outside the country. 

The horse race also took root due to America's managing to create websites for gambling without restrictions. Further, in the US, there are 45,180 thoroughbred racehorses in training and 19,225 foals born each year, increasing the demand for horse racing in the United States.

Moreover, since the market entails several websites offering online horse racing betting services, the ease and reach of engagement with betting in the sport have considerably increased, as have the earnings from the industry. All in all, the growth rate of the US horse racing industry is believed to be sustained in the forecast period. 

Horse Racing Market Recent Developments:

• In December 2024: Horse Racing Ireland introduced the NH Academy Hurdles race, which will focus on jumps in horses with a maximum distance selected to finalize to put number of obstacles in the race. The race is standard prize money, with the winner being qualified for maiden hurdles and bumper races in Ireland. 
• In June 2024: Veritone Inc. and Engage Digital Partners formed a strategic collaboration with World Horse Racing, where Veritone’s AI-powered DMH (Digital Media Hub) will be used for automating the curation & activation of all horse racing content. The collaboration will enable World Horse Racing in global media distribution and controlled access to large media archives. 

List of Top Horse Racing Companies:

• Churchill Downs Incorporated
• The Stronach Group (1/ST)
• Keeneland Association, Inc.
• Godolphin
• Gulfstream Park Racing Association

Horse Racing Market Scope:

Report Metric	Details
Horse Racing Market Size in 2025	USD 127.339 billion
Horse Racing Market Size in 2030	USD 182.393 billion
Growth Rate	CAGR of 7.45%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Racing Type Mode Of Racing Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Horse Racing Market	Churchill Downs Incorporated The Stronach Group (1/ST) Keeneland Association, Inc. Godolphin Gulfstream Park Racing Association
Customization Scope	Free report customization with purchase

 

The Horse Racing Market is analyzed into the following segments:

• By Racing Type
  • Win Bet
  • Single
  • Double
  • Treble
  • Others
• By Mode Of Racing
  • Online
  • Racecourse
  • Lottery Store
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View 

5. GLOBAL HORSE RACING MARKET BY RACING TYPE

5.1. Introduction

5.2. Win bet

5.3. Single

5.4. Double

5.5. Treble

5.6. Others

6. GLOBAL HORSE RACING MARKET BY MODE OF RACING

6.1. Introduction

6.2. Online

6.3. Racecourse

6.4. Lottery Store

6.5. Others

7. GLOBAL HORESE RACING MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Racing Type

7.2.2. By Mode of Racing

7.2.3. By Country

7.2.3.1. USA

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Racing Type

7.3.2. By Mode of Racing

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4. Europe

7.4.1. By Racing Type

7.4.2. By Mode of Racing

7.4.3. By Country

7.4.3.1. United Kingdom

7.4.3.2. Germany

7.4.3.3. France

7.4.3.4. Italy

7.4.3.5. Spain

7.4.3.6. Others

7.5. Middle East and Africa

7.5.1. By Racing Type

7.5.2. By Mode of Racing

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. UAE

7.5.3.3. Others

7.6. Asia Pacific

7.6.1. By Racing Type

7.6.2. By Mode of Racing

7.6.3. By Country

7.6.3.1. Japan

7.6.3.2. China

7.6.3.3. India

7.6.3.4. South Korea

7.6.3.5. Taiwan

7.6.3.6. Thailand

7.6.3.7. Indoensia

7.6.3.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Churchill Downs Incorporated

9.2. The Stronach Group (1/ST)

9.3. Keeneland Association, Inc.

9.4. Godolphin

9.5. Gulfstream Park Racing Association

9.6. Santa Anita Park

9.7. Kentucky Downs LLC (The Mint Gaming Hall)

9.8. Woodbine Entertainment Group

9.9. Del Mar Thoroughbred Club

9.10. The New York Racing Association

9.11. British Horseracing Authority (BHA)

9.12. Betfair (Flutter Entertainment)

List of Tables

Table 1: Research Assumptions

Table 2: Global Horse Racing Market, Key Findings

Table 3: Global Horse Racing Market, By Racing Type, USD Billion, 2020 to 2030

Table 4: Global Horse Racing Market, By Mode of Racing, USD Billion, 2020 to 2030

Table 5: Global Horse Racing Market, By Geography, USD Billion, 2020 to 2030

Table 6: North America Global Horse Racing Market, By Racing Type, USD Billion, 2020 to 2030

Table 7: North America Global Horse Racing Market, By Mode of Racing, USD Billion, 2020 to 2030

Table 8: North America Global Horse Racing Market, By Country, USD Billion, 2020 to 2030

Table 9: South America Global Horse Racing Market, By Racing Type, USD Billion, 2020 to 2030

Table 10: South America Global Horse Racing Market, By Mode of Racing, USD Billion, 2020 to 2030

Table 11: South America Global Horse Racing Market, By Country, USD Billion, 2020 to 2030

Table 12: Europe Global Horse Racing Market, By Racing Type, USD Billion, 2020 to 2030

Table 13: Europe Global Horse Racing Market, By Mode of Racing, USD Billion, 2020 to 2030

Table 14: Europe Global Horse Racing Market, By Country, USD Billion, 2020 to 2030

Table 15: Middle East and Africa Global Horse Racing Market, By Racing Type, USD Billion, 2020 to 2030

Table 16: Middle East and Africa Global Horse Racing Market, By Mode of Racing, USD Billion, 2020 to 2030

Table 17: Middle East and Africa Global Horse Racing Market, By Country, USD Billion, 2020 to 2030

Table 18: Asia Pacific Global Horse Racing Market, By Racing Type, USD Billion, 2020 to 2030

Table 19: Asia Pacific Global Horse Racing Market, By Mode of Racing, USD Billion, 2020 to 2030

Table 20: Asia Pacific Global Horse Racing Market, By Country, USD Billion, 2020 to 2030

Table 21: Global Horse Racing Market, Strategy Analysis of Major Players

Table 22: Global Horse Racing Market, Mergers, Acquisitions, Agreements, and Collaborations

Table 23: Global Horse Racing Market, Policies and Regulations

Table 24: Churchill Downs Incorporated, Products and Services

Table 25: The Stronach Group (1/ST), Products and Services

Table 26: Keeneland Association, Inc., Products and Services

Table 27: Godolphin, Products and Services

Table 28: Gulfstream Park Racing Association, Products and Services

Table 29: Santa Anita Park, Products and Services

Table 30: Kentucky Downs LLC (The Mint Gaming Hall), Products and Services

Table 31: Woodbine Entertainment Group, Products and Services

Table 32: Del Mar Thoroughbred Club, Products and Services

Table 33: The New York Racing Association, Products and Services

Table 34: British Horseracing Authority (BHA), Products and Services

Table 35: Betfair (Flutter Entertainment), Products and Services

List of Figures

Figure 1: Global Horse Racing Market Size, USD Billion, 2020 to 2030

Figure 2: Global Horse Racing Market Segmentation

Figure 3: Key Market Drivers Impact Analysis

Figure 4: Key Market Restraints Impact Analysis

Figure 5: Porter’s Five Forces Analysis: Bargaining Power of Suppliers

Figure 6: Porter’s Five Forces Analysis: Bargaining Power of Buyers

Figure 7: Porter’s Five Forces Analysis: Threat of New Entrants

Figure 8: Porter’s Five Forces Analysis: Threat of Substitutes

Figure 9: Porter’s Five Forces Analysis: Competitive Rivalry in the Industry

Figure 10: Global Horse Racing Market, Industry Value Chain Analysis

Figure 11: Global Horse Racing Market, Policies and Regulations

Figure 12: Global Horse Racing Market Share (%), By Racing Type, 2025 and 2030

Figure 13: Global Horse Racing Market Attractiveness by Racing Type, 2030

Figure 14: Global Horse Racing Market, By Racing Type, Win Bet, USD Billion, 2020 to 2030

Figure 15: Global Horse Racing Market, By Racing Type, Single, USD Billion, 2020 to 2030

Figure 16: Global Horse Racing Market, By Racing Type, Double, USD Billion, 2020 to 2030

Figure 17: Global Horse Racing Market, By Racing Type, Treble, USD Billion, 2020 to 2030

Figure 18: Global Horse Racing Market, By Racing Type, Others, USD Billion, 2020 to 2030

Figure 19: Global Horse Racing Market Share (%), By Mode of Racing, 2025 and 2030

Figure 20: Global Horse Racing Market Attractiveness by Mode of Racing, 2030

Figure 21: Global Horse Racing Market, By Mode of Racing, Online, USD Billion, 2020 to 2030

Figure 22: Global Horse Racing Market, By Mode of Racing, Racecourse, USD Billion, 2020 to 2030

Figure 23: Global Horse Racing Market, By Mode of Racing, Lottery Store, USD Billion, 2020 to 2030

Figure 24: Global Horse Racing Market, By Mode of Racing, Others, USD Billion, 2020 to 2030

Figure 25: Global Horse Racing Market Share (%), By Geography, 2025 and 2030

Figure 26: Global Horse Racing Market Attractiveness by Geography, 2030

Figure 27: North America Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 28: North America Global Horse Racing Market Share (%), By Country, 2025 and 2030

Figure 29: North America Global Horse Racing Market Attractiveness, By Country, 2030

Figure 30: USA Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 31: Canada Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 32: Mexico Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 33: South America Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 34: South America Global Horse Racing Market Share (%), By Country, 2025 and 2030

Figure 35: South America Global Horse Racing Market Attractiveness, By Country, 2030

Figure 36: Brazil Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 37: Argentina Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 38: South America (Others) Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 39: Europe Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 40: Europe Global Horse Racing Market Share (%), By Country, 2025 and 2030

Figure 41: Europe Global Horse Racing Market Attractiveness, By Country, 2030

Figure 42: United Kingdom Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 43: Germany Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 44: France Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 45: Italy Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 46: Spain Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 47: Europe (Others) Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 48: Middle East and Africa Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 49: Middle East and Africa Global Horse Racing Market Share (%), By Country, 2025 and 2030

Figure 50: Middle East and Africa Global Horse Racing Market Attractiveness, By Country, 2030

Figure 51: Saudi Arabia Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 52: UAE Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 53: Middle East and Africa (Others) Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 54: Asia Pacific Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 55: Asia Pacific Global Horse Racing Market Share (%), By Country, 2025 and 2030

Figure 56: Asia Pacific Global Horse Racing Market Attractiveness, By Country, 2030

Figure 57: Japan Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 58: China Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 59: India Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 60: South Korea Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 61: Taiwan Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 62: Thailand Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 63: Indonesia Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 64: Asia Pacific (Others) Global Horse Racing Market, USD Billion, 2020 to 2030

Figure 65: Global Horse Racing Market Share, 2025

Figure 66: Competitive Dashboard

Figure 67: Churchill Downs Incorporated, Financials, 2022-2024

Figure 68: The Stronach Group (1/ST), Financials, 2022-2024

Figure 69: Keeneland Association, Inc., Financials, 2022-2024

Figure 70: Godolphin, Financials, 2022-2024

Figure 71: Gulfstream Park Racing Association, Financials, 2022-2024

Figure 72: Santa Anita Park, Financials, 2022-2024

Figure 73: Kentucky Downs LLC (The Mint Gaming Hall), Financials, 2022-2024

Figure 74: Woodbine Entertainment Group, Financials, 2022-2024

Figure 75: Del Mar Thoroughbred Club, Financials, 2022-2024

Figure 76: The New York Racing Association, Financials, 2022-2024

Figure 77: British Horseracing Authority (BHA), Financials, 2022-2024

Figure 78: Betfair (Flutter Entertainment), Financials, 2022-2024

Churchill Downs Incorporated

The Stronach Group (1/ST)

Keeneland Association, Inc.

Godolphin

Gulfstream Park Racing Association

Santa Anita Park

Kentucky Downs LLC (The Mint Gaming Hall)

Woodbine Entertainment Group

Del Mar Thoroughbred Club

The New York Racing Association

British Horseracing Authority (BHA)

Betfair (Flutter Entertainment)