Future of Horse Racing Market | Betting, Tech & Innovation

Global Horse Racing Market Gallops to USD 530.2 Billion by 2033, Driven by Online Betting and International Expansion

June 20, 2025 – The global horse racing market is galloping toward unprecedented growth, with the market projected to expand from USD 250.6 billion in 2024 to USD 550 billion by 2033, according to the latest research. This impressive growth—marked by a compound annual growth rate (CAGR) of 9.2%—is underpinned by rapid digital transformation in betting, increasing investments in breeding and training, and the resurgence of live sporting events post-COVID-19.

Horse racing, a sport steeped in tradition, is modernizing at a remarkable pace. From thoroughbred and harness racing to steeplechase and endurance riding, the industry’s ecosystem spans racetracks, betting operators, breeders, veterinary networks, and global broadcasters.

“The intersection of tradition and technology is redefining the horse racing experience,” says a senior analyst at EquiMarket Insights. “The rapid uptake of mobile betting platforms and international streaming services is ushering in a golden era for both fans and stakeholders.”

Key Market Drivers

• Digitalization of Betting & Streaming: The widespread adoption of online wagering and mobile betting apps is redefining fan engagement. Leading operators like Flutter Entertainment, Entain plc, and Tabcorp now offer real-time odds, AI-based risk modeling, and blockchain-enabled betting verification. In 2024 alone, global horse racing wagers totaled over USD 120 billion, with 58.3% originating from digital channels.

• Rising Investment in Breeding and Training: From Kentucky to Newmarket to Hokkaido, elite breeding programs are enhancing racehorse performance through genetic profiling and state-of-the-art facilities. The UAE and Saudi Arabia have emerged as powerhouses, hosting mega-purse events such as the Dubai World Cup and Saudi Cup, further stimulating global attention.

Regional Highlights

• North America commands 34.7% of the global market, led by iconic races like the Kentucky Derby and regulatory advances in sports betting.

• Europe remains a traditional stronghold with events such as the Royal Ascot, Prix de l'Arc de Triomphe, and Cheltenham Festival.

• Asia-Pacific is the fastest-growing region, driven by rising disposable incomes, government-backed equine sports initiatives, and surging popularity in Japan, Hong Kong, South Korea, and Australia.

• The Middle East is witnessing rapid expansion due to oil-funded equine tourism and premier racing events with the world's largest purses.

Market Snapshot

• 2024 Market Value: USD 250.6 billion

• 2033 Forecast: USD 550 billion

• CAGR (2025–2033): 9.2%

• Thoroughbred Racing dominates with 66.4% share

• Online & Mobile Betting leads the revenue stream, comprising 58.3% of market income

Recent Developments

• March 2025: The Saudi Cup 2025 breaks betting records with USD 1.1 billion in global wagers, introducing blockchain verification for transparency.

• January 2025: Flutter Entertainment launches FlutterRace, a global platform for real-time betting and streaming across 300+ live tracks.

• November 2024: Japan Racing Association (JRA) expands international access to the Japan Cup, enhancing global participation with improved facilities.

Leading Industry Players

• Flutter Entertainment plc (UK)

• Churchill Downs Incorporated (US)

• The Hong Kong Jockey Club

Market Segmentation Overview

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

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

• By Revenue Source: Betting, Sponsorship, Media Rights, Auctions, Ticketing

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

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

Read More here - https://deepmarketinsights.com/report/horse-racing-market-research-report