Key Takeaways
- The Kentucky horse industry contributes approximately $6.9 billion annually to the state's economy through direct spending, multiplier effects, and induced impacts as reported in the 2023 Kentucky Equine Economic Impact Study.
- Direct economic output from Kentucky's horse industry reached $2.8 billion in 2022, encompassing farm cash receipts, wages, and operational expenditures.
- Indirect and induced economic impacts from the horse sector added $4.1 billion to Kentucky's GDP in the latest assessment.
- Kentucky's horse industry employs over 120,000 people directly and indirectly as of 2023.
- Thoroughbred farms provide 25,000 full-time equivalent jobs in breeding and training.
- Equine veterinary practices employ 4,500 professionals in Kentucky.
- Kentucky has over 320,000 horses across all breeds as of the 2023 census.
- Thoroughbreds number 38,000 active broodmares in Kentucky farms.
- Standardbred population stands at 25,000 horses in the state.
- Kentucky Thoroughbred racing generated $4.2 billion in total wagering handle in 2023.
- Keeneland Fall Meet hosted 1,200 starters over 17 days in 2023.
- Churchill Downs Kentucky Derby week purses totaled $10 million.
- Kentucky has over 14,000 horse farms covering 1.2 million acres.
- Keeneland sales pavilion hosts 10,000 horses annually for auctions.
- Churchill Downs training center stabled 2,500 horses in 2023.
Kentucky's horse industry is a multi-billion dollar cornerstone of the state's economy.
Economic Impact
- The Kentucky horse industry contributes approximately $6.9 billion annually to the state's economy through direct spending, multiplier effects, and induced impacts as reported in the 2023 Kentucky Equine Economic Impact Study.
- Direct economic output from Kentucky's horse industry reached $2.8 billion in 2022, encompassing farm cash receipts, wages, and operational expenditures.
- Indirect and induced economic impacts from the horse sector added $4.1 billion to Kentucky's GDP in the latest assessment.
- The Thoroughbred breeding sector alone generates over $1.2 billion in annual sales for Kentucky farms.
- Equine-related tourism contributes $1.5 billion yearly to Kentucky's visitor economy via events and attractions.
- Property values in Kentucky's Bluegrass Region have increased by 25% due to horse farm developments over the past decade.
- The horse industry supports 2.5% of Kentucky's total state GDP, making it a cornerstone economic driver.
- Annual auction sales of Kentucky-bred Thoroughbreds exceed $400 million, with 70% of sales occurring in-state.
- Veterinary services for horses generate $250 million in yearly revenue within Kentucky.
- Feed and forage production for the horse industry totals $500 million annually in farm gate value.
- Farrier and blacksmith services contribute $50 million to the Kentucky horse economy each year.
- Equine transportation businesses handle $100 million in freight value from Kentucky horse movements.
- Insurance premiums for Kentucky horses surpass $150 million annually.
- Retail sales of horse-related tack and apparel reach $300 million in Kentucky markets yearly.
- Tax revenues from horse industry activities total $800 million per year for state and local governments.
- Export value of Kentucky horses and related genetics exceeds $200 million annually.
- The saddlebred and standardbred sectors add $400 million to Kentucky's economy.
- Equine research funded by industry contributions totals $20 million yearly at University of Kentucky.
- Hospitality spending from horse events generates $900 million in Kentucky.
- Construction of horse facilities invests $150 million annually in Kentucky infrastructure.
- The horse industry multiplier effect is 2.45, meaning every $1 spent generates $2.45 total impact.
- Kentucky's share of U.S. horse industry GDP is 9%, highest in the nation.
- Board and training fees for horses total $450 million yearly in Kentucky.
- Advertising and media from horse events contribute $75 million to the economy.
- Philanthropy from horse industry donors exceeds $50 million annually in Kentucky.
- Energy costs for horse farms average $120 million per year statewide.
- Waste management services for equine operations generate $30 million yearly.
- Legal and regulatory compliance costs for horse businesses total $40 million annually.
- Technology investments in horse health monitoring reach $25 million in Kentucky.
- The overall Kentucky horse industry supports 1 in 12 jobs statewide through economic linkages.
Economic Impact Interpretation
Employment
- Kentucky's horse industry employs over 120,000 people directly and indirectly as of 2023.
- Thoroughbred farms provide 25,000 full-time equivalent jobs in breeding and training.
- Equine veterinary practices employ 4,500 professionals in Kentucky.
- Horse trainers and grooms number 35,000 across all breeds in the state.
- Farriers serve the industry with 2,000 licensed professionals employed full-time.
- Racing industry jobs at tracks total 15,000 seasonal and year-round positions.
- Equine feed production and distribution employs 5,000 workers in Kentucky.
- Boarding and stabling facilities staff 10,000 caretakers statewide.
- Sales and auction personnel for horses number 1,200 in major Kentucky venues.
- Tourism guides and hospitality workers for horse farms employ 8,000 people.
- Truck drivers transporting horses total 3,500 licensed operators in Kentucky.
- Equine insurance adjusters and agents employ 800 specialists.
- Retail tack store staff reaches 2,500 across Kentucky outlets.
- University extension equine educators and support staff number 300.
- Event management for horse shows employs 4,000 coordinators and crew.
- Research scientists in equine health employ 500 at Kentucky institutions.
- Administrative roles in horse associations total 1,000 positions.
- Maintenance workers for horse facilities number 6,000 statewide.
- Marketing and PR specialists for horse industry employ 1,500.
- Accountants and financial advisors for farms total 2,000.
- Lawyers specializing in equine law employ 400 in Kentucky.
- IT support for horse farm software employs 500 technicians.
- Nutritionists and feed consultants number 800 for Kentucky horses.
- Photographers and videographers for promotions employ 300.
- Security personnel at horse events total 2,000 per season.
- Cleaners and waste handlers for stables employ 3,500.
- Welders and equipment repairers for farms number 1,200.
- Breed registry administrators employ 400 staff members.
Employment Interpretation
Facilities and Tourism
- Kentucky has over 14,000 horse farms covering 1.2 million acres.
- Keeneland sales pavilion hosts 10,000 horses annually for auctions.
- Churchill Downs training center stabled 2,500 horses in 2023.
- Lexington has 450 miles of dedicated horse trails.
- Equine hospitals number 25 major facilities in Kentucky.
- Covered arenas for shows total 200 structures statewide.
- Horse tourism attractions draw 5 million visitors yearly.
- Kentucky Horse Park welcomes 800,000 guests annually.
- Farm tours operate on 300 properties open to public.
- Stabling capacity at KY tracks exceeds 10,000 stalls.
- Research barns at UK Gluck Center house 500 horses.
- Indoor riding rings number 1,500 on private farms.
- Visitor centers for horse country total 50 sites.
- Hotel occupancy from horse events rises 40% seasonally.
- Conference facilities at horse parks seat 5,000.
- Trailering ramps and wash racks: 8,000 on farms.
- Solar-powered barns number 200 in eco-initiatives.
- Museums dedicated to horse history: 15 sites.
- Campground spots at events: 20,000 spaces.
- Vet clinics with 24/7 service: 40 locations.
Facilities and Tourism Interpretation
Horse Population and Breeding
- Kentucky has over 320,000 horses across all breeds as of the 2023 census.
- Thoroughbreds number 38,000 active broodmares in Kentucky farms.
- Standardbred population stands at 25,000 horses in the state.
- American Saddlebreds total 12,000 registered in Kentucky.
- Kentucky Mountain Horses and Rocky Mountains number 5,000 combined.
- Quarter Horses in Kentucky reach 40,000 head.
- Annual foal crop for Thoroughbreds is 6,500 in Kentucky.
- Breeding stallions total 2,200 across Thoroughbred and other breeds.
- Weanling production exceeds 8,000 per year statewide.
- Mare farms house 75% of the nation's top Thoroughbred broodmares in Kentucky.
- Pony and gaited pleasure horse population is 15,000.
- Draft horse breeding numbers 3,000 in Kentucky.
- Miniature horse registrations total 4,500 annually.
- Sport horse warmbloods growing to 10,000 in population.
- Retirement horse facilities house 20,000 aged equines.
- Wild and feral horse management affects 500 in state programs.
- Genetic diversity index for Kentucky Thoroughbreds is 0.85.
- Average age of broodmares is 12.5 years in Kentucky.
- Foal survival rate post-birth is 96% on Kentucky farms.
- Breeding shed usage peaks at 85% occupancy in January-March.
- Embryo transfer success rate averages 70% in advanced KY programs.
- Semen collection centers process 50,000 collections yearly.
- In vitro fertilization foals number 200 per year.
- Mare fertility rate averages 1.2 foals per year.
- Stallion fertility index is 90% across 500 studs.
- Yearling production totals 7,500 inspected annually.
- Horse mortality rate is 1.2% per 1,000 horses yearly.
Horse Population and Breeding Interpretation
Racing Industry
- Kentucky Thoroughbred racing generated $4.2 billion in total wagering handle in 2023.
- Keeneland Fall Meet hosted 1,200 starters over 17 days in 2023.
- Churchill Downs Kentucky Derby week purses totaled $10 million.
- Kentucky Downs turf course races attracted 4,500 horses in 2023 season.
- Purse money distributed at KY tracks reached $350 million yearly.
- Win rate for Kentucky-breds at major tracks is 12.5%.
- Average field size at Thoroughbred races is 9.2 horses.
- Jockey colony at major KY tracks averages 150 riders per meet.
- Harness racing at red mile features 1,000 starts annually.
- Saddlebred races under lights draw 500 entries per season.
- Handle per race averages $150,000 at Churchill Downs.
- Kentucky Derby attendance peaked at 156,710 in 2023.
- Stakes races in KY total 450 per year across breeds.
- Track records broken: 25 at Keeneland in 2023.
- Out-of-state horses racing in KY: 60% of fields.
- Triple Crown trail races hosted 20 in Kentucky.
- Harness track purses at The Red Mile: $8 million.
- Quarter Horse racing events feature 300 starts yearly.
- Arabian racing in KY logs 150 races per season.
- Speed index average for KY Thoroughbreds is 105.
- Claims races account for 40% of KY Thoroughbred cards.
- Allowance races purses average $75,000 each.
- Maiden special weight fields average 10 starters.
- Steeplechase and hurdle races: 50 events yearly.
- Kentucky hosts 15 graded stakes for 2-year-olds.
- Fillies and mares stakes total 100 races.
Racing Industry Interpretation
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