Pennsylvania horse racing’s economic benefits

Since the inception of the Pennsylvania Race Horse Development Fund in 2004, Pennsylvania’s horse racing industry has steadily been improving, bringing more revenue into the state, which in turn creates more jobs, helps to relieve property taxes, supports Pennsylvania agriculture, and has a positive impact on the state’s hospitality and tourism industry.

A number of different studies have examined the impact of horse racing and breeding on Pennsylvania’s economy and employment. Because these studies were conducted at different times, used different methodologies, relied on varying sources for their underlying data, and used different economic multipliers, there are differences in their results. However, one thing is clear: the significance of the impact that Pennsylvania’s horse racing and breeding industry have on the state’s economy and employment opportunities for Commonwealth residents cannot be denied.

For example, different economic studies show that horse racing and breeding delivers an economic impact that ranges from $721.5 million to $1.6 billion annually while providing between 16,000 and 23,000 jobs in the Keystone State. In addition, horse racing and breeding result in $68.8 million in tax revenue in Pennsylvania.

In addition to the economic benefits that are directly related to the sport, horse racing and breeding is also a significant contributor to the state’s larger agricultural economy. More specifically, horse owners and breeders serve as the major customers for grain, hay, and straw farmers. Many of these grain, hay, and straw farmers rely on horse owners to remain in business  — and maintain agriculturally productive open space. In addition, the equine industry is also responsible for protecting 18 percent of the total acres set aside in Pennsylvania’s agricultural preservation program.

  • This field is for validation purposes and should be left unchanged.

Gallop, Eagles Gallop! Congrats to PA's own Philadelphia Eagles on their victory at the 2023 NFC Championship Game.

#congrats #superbowl #nflchampionship #football #eagles #nfchampionship #pennhorseracing #philadelphia
...

You don't have to be great to start, but you do have to start to be great.

#monday #motivation #motivationalmonday #mondaymotivatin #horseracing #pennhorseracing #start #motivational #begreat
...

In honor of our foal cameras, lets learn some Foal Facts! #DYK during a foals first month of life it will gain more than 3 pounds each day! They slow down a little when they are 2-3 months old, and only gain 2-21/2 pounds per day.

Make sure to check out our Live Foal Cameras at https://pennhorseracing.com/foalcams

#foal #foalfacts #facturday #foalcamera #pennhorseracing #paracing
...

🚨FREE PP ALERT 🚨

Download your free Penn National Past Performance for February 1 at https://pennhorseracing.com/wager-warriors/
...

Ladies and Gentlemen our broodmares of Whysper Wynd Farms. 🐎 ...

Playing hard or working hard? 🐎

#future #champ #baby #racehorse #foal
...

Join us Tonight for Wager Warriors - Foaling Edition! Dawnelle Mock will be joined by special guests Justine Howell from Whysper Wynd Farm and Jenna Reigle from Delaware Valley University! Tune in at 6:30pm to learn about foaling and our Live Foal Cameras! ...

It's our favorite day of the week #WagerWednesday! Here are some Wagering Terms you should know. Good Luck and Happy Wagering 🍀 ...

Our Foal Cameras are now LIVE at Whysper Wynd Farm! Learn more about how Whysper Wynd prepares for foaling season.

https://pennhorseracing.com/stories/whysper-wynd-farm-readies-for-foals/
...

Make some smile today and give a compliment today! #NationalComplimentDay ...

Menu