Horse Racing in New York Brings $3 Billion to the NYS Economy

Horse racing in New York registered a $3-billion impact on the Empire State's economy and an employment impact of 19,785 in 2023, per results released from the American Horse Council's 2023 Economic Impact Study.

“It's impressive to see how much of an economic engine horse racing is in the state of New York,” said NYTHA President Tina Marie Bond. “Together with a total economic impact of $3 billion statewide, racing has added over 2,000 direct jobs in the past five years. Racing supports land preservation and green space across the state, and is a significant driver of tourism both in the Capital Region and on Long Island. With the Belmont Stakes Festival at Saratoga for 2024 and 2025, as well as a redeveloped Belmont Park on the horizon, racing will continue to boost local economies and provide jobs for years to come.”

“The findings from the American Horse Council's economic impact study for New York report that the breeding and racing industry is an invaluable asset to our state,” said NYTB President Dr. Scott Ahlschwede, D.V.M. “Our state-bred program has positioned itself as the leading regional program in the nation, and we look forward to continuing to work with our fellow stakeholders to ensure that the additional investment in breeding and racing in New York will result in added revenue for all areas across the state.”

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Holy Bull Winner Hades To Wait For Florida Derby

All continues to go smoothly for D. J. Stable and Robert Cotran's undefeated GIII Holy Bull S. winner Hades (Awesome Slew), a trend trainer Joe Orseno hopes to see continue as the colt sits out Saturday's GII Coolmore Fountain of Youth S. at Gulfstream Park to await the GI Florida Derby.

Since his two length score in the first leg of the Florida series, Hades has worked twice at four furlongs and at a mile, which prompted the connections to give the second leg some consideration before deciding to pass.

“He's doing great, that's the problem. It's hard to sit still,” Orseno said. “But in the grand scheme of things and what we're trying to accomplish, it's probably the right thing to do. I've seen too many people try to run in all three races here and then you have nothing left. We're just trying to do right by the horse.”

Potentially, Hades could be Orseno's second GI Kentucky Derby starter. He entered Thunder Blitz in 2001, who was fourth behind Monarchos.

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