The Horse Racing Industry in Delaware

I have only briefly been exposed to the horse racing industry when I went to one race as a little kid. I’ve never thought that the industry could have such a huge impact annual impact on the U.S. economy ($102 Billion). I think that it was smart of Delaware to revitalize the horse racing industry by passing the Delaware Horse Racing Redevelopment Act, which authorized slot machines at some horse racing facilities. Something that stuck out from his lecture was that not everyone who owns horses is very wealthy. In reality, approximately 34% of horse owners have a household income of less than $50,000. I definitely was part of the population who thought only wealth people had horses because of all the costs associated with owning one, such as feed, any needed medicine, immunizations, and so on. This industry so important as it not only contributes to the Delaware economy, but it also supported 1,540 jobs in Delaware in the year 2014.

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