The Business of Horse Racing Explained

Horse racing is one of the oldest organised sports, and it remains a major business in many countries.

Who makes the money

Prize money, breeding rights and media deals drive most of the revenue. Successful horses can earn far more as breeding stock after they retire than they did on the track.

Welfare in the spotlight

Modern racing faces strong public interest in animal welfare, and governing bodies continue to update rules on safety, medication and retirement care.