Horse Racing Industry

Guest speaker Mark Davis presented the class with a lecture on the horse racing industry in Delaware.  To me the most surprising and interesting fact was that horse racing has been around for centuries with little change overtime.  This is interesting because when you compare it to a sport like baseball, which has been around over a hundred years, it shows how much longer horse racing has existed.  There are a considerable amount of people involved in the horse industry, with about four and a half million people in the industry. The industry has a thirty nine billion dollar direct impact annually, which shows how lucrative it can be.  It was also surprising how much regulation goes into horse racing with different involved parties having to be licensed. The horses also must undergo go urine tests and blood tests for their protection and to ensure that no one is cheating. A lot of this regulation is because of the money that the industry generates, with statistics showing that the horse racing industry contributes about 182 million to the Delaware economy.

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