Horse Racing Market Insights | Forecasts, Segments, Leaders

Global Horse Racing Market Forecasts Soar: USD 550 Billion by 2033 Backed by Digital Betting Boom

June 20, 2025 – The global horse racing market is entering a dynamic new phase, set to grow from USD 250.6 billion in 2024 to an impressive USD 550 billion by 2033, according to the latest industry report. This represents a solid CAGR of 9.2%, fueled by technological advancements in betting, massive investments in equine infrastructure, and a post-pandemic resurgence of live events.

From the thundering hooves of thoroughbreds to cutting-edge mobile wagering platforms, horse racing is undergoing a digital and commercial evolution. The sport’s global revival is being powered by the fusion of tradition with innovation, unlocking new revenue opportunities for stakeholders across regions.

“The global racing landscape is changing rapidly,” said a lead strategist at EquiMarket Insights. “Online betting, AI-driven odds, and blockchain technology are revolutionizing how fans and investors engage with the sport.”

What’s Driving Market Growth?

 Digital Betting & Mobile Engagement
Tech-forward operators like Flutter Entertainment, Entain plc, and Tabcorp are leading the charge with real-time data, seamless user experiences, and verified blockchain wagering. In 2024, the global betting handle reached USD 120 billion, with 58.3% flowing through digital platforms.

 High-Performance Breeding & Training
Regions like Kentucky, Newmarket, and Hokkaido continue to set the gold standard for breeding, with AI-enhanced selection and precision training. Middle Eastern nations like the UAE and Saudi Arabia are drawing global talent through premium races such as the Dubai World Cup and Saudi Cup.

Global Market Highlights

• Market Size (2024): USD 250.6 billion

• Forecast (2033): USD 550 billion

• CAGR (2025–2033): 9.2%

• Top Segment: Thoroughbred Racing (66.4%)

• Top Revenue Stream: Online & Mobile Betting (58.3%)

Regional Breakdown

 North America – Home to the Kentucky Derby, the region holds a 34.7% share and benefits from new sports betting legislation across several U.S. states.

 Europe – Traditional bastion led by the U.K., France, and Ireland, with legendary races including the Royal Ascot and Prix de l’Arc de Triomphe.

 Asia-Pacific – Fastest-growing with a robust 11.6% CAGR, driven by expanding middle-class interest in Japan, Hong Kong, Australia, and South Korea.

 Middle East – A rising force in global racing, thanks to high-profile events and sovereign investments in equine tourism and infrastructure.

Recent Market Developments

• March 2025 – The Saudi Cup hits a record USD 1.1 billion in global wagers, debuting blockchain tech for secure betting.

• January 2025 – FlutterRace goes live, enabling real-time global betting across 300+ tracks.

• November 2024 – The Japan Cup expands globally, with better access and incentives for international competitors.

Top Industry Players

• Flutter Entertainment plc (UK)

• Churchill Downs Inc. (US)

• The Hong Kong Jockey Club

• Entain plc (UK)

• Bet365 Group Ltd. (UK)

• Tabcorp Holdings Ltd. (Australia)

• Japan Racing Association (JRA)

• Al Basti Equiworld (UAE)

• NYRA (New York Racing Association)

Market Segments

• By Race Type: Thoroughbred, Harness, Endurance, Steeplechase

• By Betting Channel: Offline, Online/Mobile, Blockchain

• By Revenue Stream: Betting, Media, Sponsorship, Auctions, Ticket Sales

• By End-User: Bettors, Race Organizers, Trainers, Operators, Healthcare Providers

• By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

Get more detailed information here – https://deepmarketinsights.com/report/horse-racing-market-research-report