The Delaware Horse Racing Industry Guest Lecture- Mark Davis

While horse racing in Delaware is a big business, the origins of modern horse racing actually date back to the 1100s, however it was not until 1750 that American horse breeders and racers would establish the Jockey Club. This club is still in charge of standards and regulations for horse racing to this very day. This was just a portion of the history given to us by Mr. Davis. He went on to further tell us about the 9.2 million horses in the U.S. with 4.6 million Americans being involved in the industry as horse owners, service providers, employees and/or volunteers, while many other participate passively as spectators. The horse industry also has a huge economic impact of $39 billion annually in the U.S. There are two major types of horse racing: thoroughbred racing and harness racing, the former of which is done less frequently with a jockey while the latter is performed more frequently and pulls a cart. What was most interesting about this sport is that it did suffer a lack of interest for awhile, but after being connected to the casino/gambling industry, had a resurgence. This was thanks to the Delaware Horse Racing Redevelopment Act in 1994. Presently, the main financial support of horse racing comes from a “purse” which is funded by the slots/casinos. The financial support of the industry is very important, just as in any industry, as there are many people to be paid, including but not limited to: veterinarians, groomers, supplies, the betting public, the government (i.e. tax revenues and partners), as well as many other associations including the Jockey Club. Ultimately, this seasoned sport is huge int he state of Delaware, and while different from actual agriculture, is still tied in due to the need to feed the horses properly while also sustaining them over their lives as racing horses and beyond!

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