The Horse Racing Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Horse Racing Market?
The market size for horse racing has seen a robust increase in recent years. The market size is projected to rise from $387.90 billion in 2024 to $423.94 billion in 2025 with a compound annual growth rate (CAGR) of 9.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Horse Racing Industry?
The Horse Racing Global Market is projected to reach a total market size of $599.52 billion by 2029, with an expected compound annual growth rate (CAGR) of 9.0%.
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What are the Key Growth Drivers Fueling the Horse Racing Market?
The key drivers in the horse racing market are:
• The proliferation of online betting platforms
• The increase in global interest for equestrian sports
• Rising disposable income allowing for higher leisure spending
• Increased sponsorships, media rights revenue, and changes to government regulations impacting gambling and race operations.
Global Market Segmentation: Identifying Major Horse Racing Industry Segments
The horse racing market covered in this report is segmented –
1) By Type: Win Bet, Each Way, Single Bet, Multiple Bets, Straight Forecast, Reverse Forecast, Tricast
2) By Revenue Stream: Betting Revenue, Live Event Revenue, Broadcasting Rights, Sponsorship And Advertising, Horse Sales And Breeding
3) By Application: Online, Racecourse, Lottery Store, Other Applications
Subsegments:
1) By Win Bet: Fixed Odds Win Bet, Pari-Mutuel Win Bet, Tote Win Bet, Exchange Win Bet
2) By Each Way: Fixed Odds Each Way, Pari-Mutuel Each Way, Enhanced Odds Each Way, Extra Place Each Way
3) By Single Bet: Win Single, Place Single, Show Single, Odds-On Single
4) By Multiple Bets: Double, Treble, Accumulator, Heinz, Super Heinz, Goliath
5) By Straight Forecast: Exacta, Straight Forecast, Tote Forecast, Fixed Odds Forecast
6) By Reverse Forecast: Reverse Exacta, Reverse Forecast, Combination Forecast
7) By Tricast: Trifecta, Straight Tricast, Combination Tricast, Boxed Tricast
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What are the emerging Trends Shaping the Future of the Horse Racing Market?
The key trends in the horse racing market are:
• Advanced data analytics are being integrated for performance optimization in the horse racing industry.
• The industry is adopting virtual reality technology to enhance fan experiences.
• Development of wearable technologies for monitoring horse health is on the rise.
• AI-driven betting platforms are being implemented, marking a shift in the gambling aspects of the sport.
Who Are the Top Competitors & Leading Players in the Horse Racing Market?
Major players in the horse racing market are:
• Bally’s Corporation
• Churchill Downs Incorporated
• Betfair Group Limited
• Woodbine Entertainment Group
• The Jockey Club
• Racing Victoria Limited.
• WinStar Farm LLC
• Godolphin LLC
• Juddmonte Farms Limited
• Coolmore and Associated Stud Farms Limited.
• Keeneland Association Inc.
• Tattersalls Limited.
• Arrowfield Stud Pty. Limited
• Experiential Squared Inc.
• AmWest Entertainment LLC
• Spendthrift Farm LLC
• Fasig-Tipton Company Inc.
• Hronis Racing LLC
• Exacta Systems LLC.
• SF Racing LLC
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the horse racing market in 2024
