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

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

Horse racing is a competitive sport in the equestrian category where horses run at a set distance for a prize. It has various forms, including flat racing, jump racing, and harness racing. In flat racing, horses run between two or more specified areas: in jump racing, horses run between specified points while jumping over obstacles; and in harness racing, the horses are either pacing or trotting while pulling a driver. Horse racing is one of the most frequently engaging sports worldwide, and it goes hand in hand with betting, where people wager on specified results of horse races.

What are the global horse racing market drivers?

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

Horse racing has become a dynamic sport which 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.

• Establishment on betting and gambling platforms for horse racing has stimulated the market growth.

The global horse racing market is on a steady upsurge, propelled by the fan base growth, 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 which 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 revenue was predominately 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.

Global Horse Racing Market Restraints:

• Concern over ill treatment of race horses.

Horse racing involves striking horse with whip for increasing its speed and such 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 winner is awarded with heavy price winnings, hence to get such prize various tactics inclusive of drug abuse and rigorous training can also deteriorate the overall performance. 

Segment analysis of global horse racing market:

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

Based on mode of racing, the racecourse is expected to constitute for a significant market share, sine 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.

What are the key geographical trends shaping the global horse racing market:

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

Geographically, the global seed 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 be holding 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 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 betting into the sport has 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. 

Recent Development in the global horse racing market:

• In December 2024: Horse Racing Ireland introduced NH Academy Hurdles race which will focus on jumps in horse with maximum distance selected to finalized 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 the Veritone’s AI-powered DMH (Digitial Media Hub) will be used for automating the curation & activation of all horse racing content. The collaboration will enale World Horse Racing in global media distribution and controlled access to large-media archives. 

Global 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)

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)