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 globalhorse racing marketis entering a dynamic new phase, set to grow fromUSD 250.6 billion in 2024to an impressiveUSD 550 billion by 2033, according to the latest industry report. This represents a solidCAGR 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 sports 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.

Whats Driving Market Growth?

Digital Betting & Mobile Engagement
Tech-forward operators likeFlutter Entertainment,Entain plc, andTabcorpare leading the charge with real-time data, seamless user experiences, and verified blockchain wagering. In 2024, the global betting handle reachedUSD 120 billion, with58.3%flowing through digital platforms.

High-Performance Breeding & Training
Regions likeKentucky,Newmarket, andHokkaidocontinue to set the gold standard for breeding, with AI-enhanced selection and precision training. Middle Eastern nations like theUAEandSaudi Arabiaare drawing global talent through premium races such as theDubai World CupandSaudi Cup.

Global Market Highlights

• Market Size (2024):USD 250.6 billion

• Forecast (2033):USD 550 billion

• CAGR (20252033):9.2%

• Top Segment:Thoroughbred Racing (66.4%)

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

Regional Breakdown

North America Home to theKentucky Derby, the region holds a34.7% shareand benefits from new sports betting legislation across several U.S. states.

Europe Traditional bastion led by theU.K., France, andIreland, with legendary races including theRoyal AscotandPrix de lArc de Triomphe.

Asia-Pacific Fastest-growing with a robust11.6% 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 TheSaudi Cuphits a recordUSD 1.1 billionin global wagers, debuting blockchain tech for secure betting.

• January 2025FlutterRacegoes live, enabling real-time global betting across300+ tracks.

• November 2024 TheJapan Cupexpands 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