About Horse Racing
Horse racing is a sport of riding typically involving two or more horses ridden by jockeys over a set distance for competition. A major part of horse racing's interest and economic importance is in the gambling associated with it. Increasing disposable income increases spendings on discretionary goods and services, including betting on races and paying for other industry services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.89% |
The global Hormone Horse Racing is highly competitive. to survive in the competitive market, key players adopted advanced healthcare technology for improved healthcare services. Furthermore, in order to retain market share and diversify its product portfolio, major players often adopt strategies such as mergers, acquisitions, and new product launches. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Horse Racing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Singapore Pools (Singapore), Tabcorp Holdings (Australia), Hong Kong Jockey Club (China), Macau Jockey Club (China), William Hill (United Kingdom), Bwin ( Austria) and Ladbrokes (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Horse Racing market by Type (Win Bet, Each Way, Single Bet, Mutliple Bets, Straight Forecast, Reverse Forecast and Tricast), Application (Online, Racecourse, Lottery Store and Other) and Region.
On the basis of geography, the market of Horse Racing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Millenials Inclination and Involvement Towards Horse Racing Sports and Entertainment
Market Growth Drivers:
Increase in Disposable Income Worldwide and Rising Popularity of Casinos and Lotteries
Challenges:
Rise of Alternative Forms of Leisure Gambling
Restraints:
High Initial Investment
Opportunities:
Growth in Horse Racing Event in Both Developed and Under Developed Countries and Rising Interest in Horse Racing in Emerging Countries
Market Leaders and their expansionary development strategies
In February 2023, Churchill Downs Incorporated announced the acquisition of Turfway Park for USD 250 million. Turfway Park is a racecourse facility for Horse Racing with an off-track betting facility.
In February 2024, SIS Content Services, part of the SIS (Sports Information Services) Group, the leading content supplier of 24/7 live betting services, has agreed a landmark deal with long-time operator partner Bet365 to deliver its global horse racing content to bettors in Colorado, bringing fixed-odds horse racing wagering to a licensed sports betting platform
Key Target Audience
Potential Investor, Race Organisers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.