Horse Industry Drives Huge Economic Gains Across California

Edited Press Release

As California grapples with a budget deficit in the tens of billions of dollars, the horse industry has grown financially for the state over the last five years; responsible for billions of dollars in economic impact and tens of thousands of jobs, according to a report released by the American Horse Council.

In 2023, the equine ecosystem provided a total value of $11.6 billion to California's economy and a direct contribution of $6.5 billion to state GDP, according to the report. This marks a significant increase from the American Horse Council's previous report in 2018, which found a total value of $8.3 billion to the state economy and a direct contribution of $4.5 billion to state GDP.

Through the care of the state's near-500,000 horses, events and recreation, and the ripple effect on other sectors of the economy, the California equine industry generates 132,496 jobs across the state and directly employs 93,467 workers. Five years ago, those numbers were 115,474 and 77,703, respectively.

Horses remain incredibly popular in the state of California. In total, 30.48% of households – 4.1 million in California – have a “horse enthusiast” in their home. No fewer than 220,000 California residents volunteer their time to horses, and the industry generates $6.2 billion in tourism for California.

“The American Horse Council report confirms what those of us in the industry have always known: Horses hold a special place in the hearts and minds of Californians,” said Bill Nader, President and CEO of Thoroughbred Owners of California. “With over 4 million households participating in horse events and activities across the state – 38% of whom are under the age of 18 – it is clear that the equine industry is more than just an impressive economic driver for the state; it is an integral part of California's culture.”

Racing continues to be the greatest contributor to the state in the industry, with a total economic impact of $2.5 billion and a direct value of $1.5 billion to California GDP.

“These data points show that the horse industry's contributions to California are enormous – and growing,” said Amy Zimmerman, of the California Horse Power Coalition. “Our commitment to supporting California's economy and workforce, preserving our state's beautiful land, providing therapeutic services to Californians who need it, and caring for the horses we love has never been greater. We look forward to seeing our industry grow and evolve in the years to come.”

More information and the 2023 Economic Impact Study can be found on the American Horse Council website: https://horsecouncil.org/economic-impact-study/

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What Was Your Favorite Moment Of 2023: Cody’s Wish

As 2023 draws to a close, the TDN is asking industry members to name their favorite moment of the year. Send yours to suefinley@thetdn.com

“Cody's Wish was definitely one of my racing highlights of 2023.”
–Susan Anderson, Trainer

“There was no shortage of amazing horse racing memories in 2023. But one story that transcends racing is the incredible journey Cody's Wish and Cody Dorman (and his family) took us on. Beyond inspiring and heartwarming, it showed us in vivid color the genuine beauty of the magical connection between horses and humans. The Breeders Cup victory of Cody's Wish and celebration of Cody and his family is truly the feel good moment of the year.”
–Jeff Bloom, Bloom Racing Stable and TAA President

“There are several moments and races to choose from, but if I had to pick one, it would be the story of Cody's Wish and Cody Dorman, which was already incredible leading to the 2023 Breeders' Cup Dirt Mile. The excitement and anticipation was huge and the way the race unfolded all the way to the end was absolutely breathtaking!”
–Ramon Dominguez, retired Hall of Fame jockey

Cody Dorman with Cody's Wish | Kelly Dorman

“Cody's Wish showed his resolve and determination to win the 2023 Breeders' Cup Dirt Mile by a narrow margin and to remember his namesake, Cody, who brought us all together this year to root him on.”
–John Dooley, track announcer

“My favorite moment was Cody's Wish giving everything he had to win one last time for his namesake, Cody Dorman. Cody is a special, gifted horse who understood and fulfilled his mission, one that transcends racing.”
–Deirdre Duke, racing fan

“Cody's Wish and the Breeders' Cup Dirt Mile. With a lot of talk throughout the year about what is wrong with the sport, the last eighth of a mile was a reminder of what makes horse racing so uniquely special.”
–Amy Zimmerman, Executive Producer, Santa Anita Park

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Horse Racing Women’s Summit Topics, Speakers Announced

The second annual Horse Racing Women's Summit, to be held Sept. 27-29 at Santa Anita, will include three panel discussions, morning and luncheon keynotes and a Friday morning workshop.

Zoe Cadman, XBTV and 1/ST RACING Host and Analyst, will serve as the emcee for the event, which will kick off with a keynote from Reagan Cannon, an international leadership speaker and coach. Following the morning keynote, leaders at the front line of industry change will gather for a discussion on the State of the Industry, moderated by Millie Ball, XBTV and 1/ST RACING simulcast host.

State of the Industry featured speakers are: Keeneland President and CEO Shannon Arvin; horse racing reporter Britney Eurton; HISA CEO Lisa Lazarus; and equine veterinarian Casille Batten.

The second panel, titled Running the Show, will feature a conversation among industry professionals in various facets of management from racetracks across the county. Moderator Michelle Yu will guide the panelists through a discussion focused on their careers, the ins-and-outs of racetrack management, current events, and their outlook on the future.

“I am a firm believer in the philosophy that 'a rising tide raises all ships' and this sport is so much better when we are able to come together, elevate and support each other,” said Jessica Paquette, Parx Racing announcer and Running the Show panelist. “I am honored to join so many women I respect in the industry for an event that is sure to be educational and empowering.”

Other Running the Show featured speakers are: SVP and General Counsel, Sports and Entertainment at New York Racing Association Joi Garner; SVP, Operations and Administration DMTC Ann Hall; and SVP and Executive Producer for Santa Anita Amy Zimmerman.

The third panel discussion, led by FanDuel TV's Christina Blacker and titled Looking Forward, will delve into a variety of topics including diversity, mental health, the backstretch community, and how the industry can improve.

Karen Chavez, General Manager of the New York Race Track Chaplaincy, who will join the Looking Forward panel said, “Attending the HRWS Meet Up in Saratoga was an inspiring experience that showcased the power of connection and empowerment within the horse racing industry, leaving a positive and lasting impact on the women of the backstretch community. I am excited to be on a panel at the second Horse Racing Women's Summit at Santa Anita Park, and continuing to build on the momentum that began one year ago.”

Looking Forward speakers also include: trainer and equestrian Chanel Minnifield; Los Angeles Chargers CAO Catherine Iste; and Amplify Horse Racing executive director Annise Montplaisir.

Friday's hands-on workshop is designed to identify areas of focus and specific action items for the Horse Racing Women's Summit Committee in 2024.

Tickets for the Horse Racing Women's Summit can be purchased here.

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