Economic Impact of the British Horse Racing Industry

Brexit is scheduled to happen on 31 October. There will be changes. Be prepared.

1 October 2019, UK ~ The British Horseracing Authority (BHA) is the governing and regulatory body for Thoroughbred horse racing in Great Britain which is the countries second largest sport by Attendance, Revenue and Employment.

*Attendances–5.77million attendees at over 1,500 fixtures held at 60 racecourses (52 in England, 5 in Scotland and 3in Wales), with four of the top ten attended sports events in the UK.

*Revenues generated–Annual expenditure of £3.45 billion, a tax contribution of £300 million and a lever for multi-billion pound trade –including significant foreign direct investment–into the UK annually.

*Employment –Over 17,400 FTE employment in the industry including approximately 450 jockeys, 550 trainers and 6,500 stable staff.

The European Thoroughbred racing and breeding industry

*The European Thoroughbred horse racing sector has an annual economic impact of €12 billion and directly employs155,000 people in a variety of roles.

*Some 22,000 Thoroughbred foals are bred annually across the European continent with an estimated €760 million worth of Thoroughbred sales each year, including a significant amount of exports to third countries.

The industry is fully integrated across the continent with essential interdependencies, including standardized Stud Book conditions, a common Stud Book between Ireland and Great Britain, and harmonized Rules of Racing.

An example: There are 26,000+ annual Thoroughbred movements between Great Britain, Ireland and France for racing, breeding and sales purposes using the Tripartite Agreement (TPA)

BHA Briefing Notes in Detail:

 

~ British Horse Racing Authority

Please follow and like us:
error