Economic Impact Fast Facts

0
Jobs were created following the passage of Act 71 in Pennsylvania
0
Horse Owners throughout the Commonwealth of Pennsylvania
0
Return on investment for every $1 spent within the racing industry
0%
Increase in PA-sired foals. More horses means more work and more revenue
0%
Racing accounts for 35% of total economic impact of Equine Industry

Accomplishments as a result of Act 71, the Race Horse Development and Gaming Act:

  • Economic data from the Department of Agriculture released in 2010, shows that between 2001 and 2008 the value of the racing industry in Pennsylvania more than quadrupled thanks to Act 71. The Department of Agriculture stated that due to the RHDF, the overall value of the equine industry increased by 380 percent to $3 billion with employment more than tripling from 13,870 to more than 41,100.
  • The number of thoroughbred mares bred to Pennsylvania stallions increased from approximately 1,000 prior to 2003 to a high point of 1,753 in 2009 (when the legislature began to divert 17 percent from the RHDF and the national economy faltered.)
  • On the standardbred side, registrants for Sire Stakes have increased more than 70 percent since the passage of Act 71, which created the Race Horse Development fund. Over the last five years, the number of standardbred horses registered for the Sire Stakes has averaged approximately 1,750 to 1,800 horses, a more than 70 percent increase from the approximately 1,000 registrants prior to 2003.
  • With the stagnant economy, the number of foals nationally has been decreasing, yet the number of standardbred foals in Pennsylvania has increased by more than 20 percent over the past few years. Pennsylvania-bred thoroughbreds’ share of the national foal crop increased from 2.6 percent in 2004 to 5.4 percent in 2010
  • Horses that sired the winner and a runner-up of the 2012 “Horse of the Year” are now standing at stud in Pennsylvania. The winner of the prestigious Horse of the Year Award, Wise Dan, was sired by Wiseman’s Ferry of Dana Point Farm in Lenhartsville, Pa. Runner-up, Fort Larned, was sired by E Dubai of Northview Stallion Station in Peach Bottom, Pa. The fact that these two horses are now breeding in Pennsylvania and not Kentucky demonstrates the growing national stature of the Commonwealth.
  • Pennsylvania will host nine graded stakes races in 2013, tripling the number of graded stakes races held in the Commonwealth in 2004. In 2012, Pennsylvania hosted seven stakes races.
  • As part of the 2013 Kentucky Derby weekend at Churchill Downs, the Pennsylvania-bred three year-old filly Princess of Sylmar pulled off an upset win in the Kentucky Oaks, a Grade 1 Stakes Race — the “sister” race of the Kentucky Derby. That same weekend at Churchill Downs, another Pennsylvania-bred, So Many Ways, won the Eight Belles Stakes (Grade 3 Stakes Race).