Mark Davis and the Horse Racing Industry

Horse racing is one of the oldest known sports to men and is spread all throughout the World reaching many different audiences. In the United States there are 9.2 million horses where 844,531 horses are involved in racing. There are then 4.6 million people involved in the industry that do not necessarily own horses and then there is tens of millions of people watching. Within the horse racing industry there are two different events that include thoroughbred and harness racing. These two events believe it or not impact the United States economy hugely generating $39 billion just within the industry and $102 billon around the industry. Here in Delaware the horse racing industry dates back to 1760 when the first racing facility was built in Newark. Since then there has been many different race tracks built and many horse raisers try to join in on this booming industry. One reason many people are trying to get involved is the large winnings that are possible. With 2,300 harness races and 600 thoroughbred races a year in Delaware there are many opportunities for a racer to win. But when horses cost $16,000 too $19,000 on average per head it makes it quite difficult for a racer to make a profit.

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