Kentucky’s Equine Industry Thrives Amid National Decline in Horse Racing
Kentucky’s equine industry continues to flourish, standing in stark contrast to the national decline in horse racing. The state is home to approximately 209,500 horses, with Thoroughbreds comprising 30% of the national foaling total. In 2022, the total value of equine and equine-related assets in Kentucky was estimated at $27.7 billion, marking an 18% increase from 2012. (nkytribune.com)
The Kentucky Derby, a cornerstone of the state’s equine culture, continues to draw significant attention. In 2024, the 150th running of the Derby attracted 150,335 attendees, with a record $288.7 million wagered on Derby day. (kentuckylantern.com)
However, the broader horse racing industry faces challenges, including declining fan engagement and competition from other forms of gambling. Despite these issues, Kentucky’s equine sector remains robust, underscoring the state’s enduring legacy as the "Horse Capital of the World." (nkytribune.com)
This resilience highlights Kentucky’s unique position in the equine industry, where breeding and racing continue to thrive despite national trends.
