For one of our classes, we had the privilege to listen o Mark Davis guest lecture on the horse industry in Delaware. He started out by giving some history on the sport of horse racing and how it has been around, in different forms, for hundreds of years. It was interesting to learn how to standards, rules, and regulations have changed over the years. Now, horse racing is very heavily regulated to ensure not only the safety of the horse, but the rider as well. I was very surprised when Mark pointed out that the horse industry’s a $39 billion effect on the US economy annually. That is a lot of money. Afterwards, he dove more directly into the history of horse racing in DE which started in the 1760’s. Since than, he explained how many different commissions have formed as well as how to industry grew in DE.
Mark also talked a bit about the value of the Standardbreds and Thoroughbreds that are mainly used in the different types of racing. I can’t say that I was surprised to learn they are valued on average at $15,000-$20,000. I know the genetics of a good race horse can be highly valued, it is crazy to think that there are horses valued at even higher numbers. However, Mark showed us that if you own a good race horse you can win a decent amount of money on that investment. All that’s said and done, the horse industry as a whole provides many job opportunities but also a way for higher income people to invest their money. The horse racing industry can range from being utilized as an investment tool, a job for some, or just a recreational event for others to watch.
