Equine Canada Releases Special Report: The Economics of Horse Racing in Canada
The Ontario horse racing industry is contributing $4.5 billion or 77 per centof the total annual economic contributions from racing in Canada, according to a new study released today by Equine Canada and Strategic Equine. The Economics of Horse Racing in Canada, an in‐depth report on the horse racing industry on a province‐by‐province basis, identifies the significant economic contributions realized through horse racing in Canada – the industry generates more than 47,000 full-time equivalent jobs and $5.7 billion annually to the national economy.
The racing sector represents a small percentage of the total number of horses in Canada, but a significantly higher percentage of the overall economic contribution that comes from horses in Canada. With 45,000 horses active in the racing sector (five per cent of the total Canadian herd), the horse racing sector provides 26 per cent of the total economic contribution, and a $5.7 billion annual economic impact. Racing in Ontario represents the largest provincial sector for the national racing industry, with more than 68 per cent of the total racing opportunities and 86 per cent of the total purses earned in 2010.