Horse Racing Market - Global Industry Analysis

Horse Racing Market By Type (Single, Double, Treble, Patent, Accumulator, Trixie, Forecast, Each-Way, Reverse Forecast, Others) By Application (Online, Lottery Store, Racecourse, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 20-Jan-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-5690 Status : Published

The Horse Racing market is set for a rapid growth over the forecast period. In terms of revenue, the global Horse Racing market accounted for USD 165.10 Billion in 2019 and is expected to reach USD 279.58 Billion by 2026, growing at a CAGR of 7.81%.

Description

The Horse Racing market is set for a rapid growth over the forecast period. In terms of revenue, the global Horse Racing market accounted for USD 165.10 Billion in 2019 and is expected to reach USD 279.58 Billion by 2026, growing at a CAGR of 7.81%.

Global Horse Racing Market: Overview

Horse racing or horse betting usually happens in many horse racing competitions. It began in the United Kingdom in the early 1600s, during the time of King James I. Gamblers could invest money in the final placement of the horses involved in the race. In the online gaming industry, horse racing betting maintains a very high position, despite the popularity of football, rugby betting and other team sports. Betting on horse racing every year turns out to be about 5 billion a year, which is massive when compared to 1.2 billion footballs. Before the break-out of COVID-19, racing competitors reached an average of more than 6 million annually, currently the second most popular sport in the United Kingdom only behind football.

Global Horse Racing Market: Growth Factors

Horse racing is among the oldest of all sports, and over the years it has experienced almost no improvement in its basic concept. It evolved from a primitive contest of pace or endurance between two horses into a spectacle including vast fields of riders, sophisticated electronic tracking devices and huge amounts of money, however its key aspect is the same as always. In the technological society, horse racing evolved from a diversion of the leisure class to a major public entertainment sector. In the early years of the 20th century, however, the popularity of sport had declined considerably.

Horse racing in India began more than a century ago, the British introduced it for the first time. The first Indian race course was built in the year 1777 in Madras. The British rulers and other race patrons became part of the elite social group. Today, Royal families also own horses along with a new generation of sportsmen, including traders, entrepreneurs, corporate leaders and game-loving professionals. With five Turf Authorities that organize horse racing sports at nine racetracks spread across the country, India today has a very well-developed racing industry. In India opportunities are widespread for people who want to earn through this sport. Racing also offers many opportunities for those who enjoy riding and are looking for a future in this sport. With many job opportunities, horse racing provides a significant economic operation. Some occupations need comprehensive education and experience, while others require only high school degree and experience. There are talented individuals at the administrative level who can work as racing authorities, veterinary doctors and competition day officials. Via the club and other license holders, horse racing also provides a broad variety of job opportunities.

Global Horse Racing Market: Segmentation

Global Horse Racing Market is segmented into type and application. On the basis of type the market is segmented into Single, Double, Treble, Patent, Accumulator, Trixie, Forecast, Each-Way, Reverse Forecast, Others. Single betting is arguably the most popular betting form, it's a straight win bet, based on a single event. Whereas, double betting is a single bet on two results in multiple events. To guarantee a return, both choices must win. Treble betting is one of the most common bets, not betting at once on three horses. It's about betting on three different races.

In terms of application, the market is categorized into Online, Lottery Store, Racecourse, Others. Online segment is predicted to grow at a significant rate. With changes in technology, horse racing betting has improved in recent years, taking the pleasure of a wager to the general public. Technology has, indeed, brought big improvements to a number of sports, and horse racing has still not been left out from the mix. The days when players were expected to drive themselves to a significant horse racing track, spending an afternoon engaging in the ambience of the sport, are gone in several ways. In these locations, at the click of a button, a bet can be made. To gamble on your favorite horse from home or from work, one can use a desktop or a phone. Install a mobile betting app and bet on public transport, from the trackside, when out for lunch or just about wherever you want. The future has arrived and it is no wonder that the industry has recently gone from strength-to-strength.

Global Horse Racing Market: Regional Analysis

Horse racing, particularly popular in the English-speaking and Asian countries, is among the most loved sports activities in the world. The Irish people, like their neighbours, enjoy horse racing. This sport is part of society and culture since it has a very long history on the island. When it comes to managing and training thoroughbred horses, the country is also a powerhouse. In terms of horse racing, it is also linked with the United Kingdom.

Although the sport has a history of only 350 years, horse racing has developed itself in the United States as a common sport relative to those in the UK and Ireland. In New York state, the roots are traced back. For over 150 years now, races have been held, and there are racetracks with over 100,000 competitors. The biggest events are held in the states of Maryland, Kentucky, and New York.

Horse racing is very popular in Australia, and there are plenty of things to understand about this sport. No surprise, though, since it is the country outside the UK, Ireland and the United States with the highest followers. After UK and Japan, horse racing in Australia also has the world's third share of race betting.

In terms of betting market share, Hong Kong is fourth. Every year it has hundreds of events, all flat racing. British racers like racing there, and a Jockey Club was founded in the nineteenth century in the area as well.

France is home to many competitions linked to horse racing, such as the Prix de l'Arc de Triomphe, the richest race in Europe. Like other important horse races, it is held in Paris. It is also seen in the continental part of Europe as the carbon copy of British and Irish racing.

The city with the strongest reputation in the Middle East for horse racing is Dubai, in the United Arab Emirates. The key breed is Meydan, which is located in the centre of the desert. It is renowned for having a grandstand which is a mile long. The Dubai World Cup is a globally recognized sport with cash prizes of over $25 Million. The history of horse racing in Dubai, as in traditional countries, also dates back decades.

Global Horse Racing Market: Competitive Players

Some of key players in Horse Racing market are Tabcorp Holdings, Macau Jockey Club, Hong Kong Jockey Club, Singapore Pools, William Hill, Ladbrokes and Bwin among others.

Global Horse Racing Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
    • 1.2. Research Scope
  • Chapter 2. Research Methodology
    • 2.1.1. Research Methodology
    • 2.1.2. Primary Research
    • 2.1.3. Secondary Research
    • 2.1.4. Models
      • 2.1.4.1. Company Share Analysis Model
      • 2.1.4.2. Revenue Based Modeling
      • 2.1.4.3. Research Limitations
  • Chapter 3. Executive Summary
    • 3.1. Global Horse Racing Market, 2016-2026, (USD Billion)
    • 3.2. Global Horse Racing Market: Snapshot
  • Chapter 4. Global Horse Racing Market – Industry Analysis
    • 4.1. Introduction
    • 4.2. Market Drivers
    • 4.3. Market Restraints
    • 4.4. Market Opportunities
    • 4.5. Porter’s Five Forces Analysis
    • 4.6. COVID 19 Impact Analysis
  • Chapter 5. Investment Proposition Analysis
    • 5.1. Global Horse Racing Market Attractiveness, By Type
    • 5.2. Global Horse Racing Market Attractiveness, By Application
    • 5.3. Global Horse Racing Market Attractiveness, By Region
  • Chapter 6. Competitive Landscape
    • 6.1. Company Market Share Analysis – 2019
      • 6.1.1. Global Horse Racing Market: Company Market Share, 2019
    • 6.2. Strategic Developments
  • Chapter 7. Horse Racing Market – Type Segment Analysis
    • 7.1. Global Horse Racing Market Overview: by Type
      • 7.1.1. Global Horse Racing Market Revenue Share, by Type, 2019 & 2026
    • 7.2. Global Horse Racing Market Analysis/Overview – By Type
      • 7.2.1. Single – Overview/Analysis
      • 7.2.2. Double– Overview/Analysis
      • 7.2.3. Treble– Overview/Analysis
      • 7.2.4. Patent– Overview/Analysis
      • 7.2.5. Accumulator– Overview/Analysis
      • 7.2.6. Trixie– Overview/Analysis
      • 7.2.7. Forecast– Overview/Analysis
      • 7.2.8. Each-Way– Overview/Analysis
      • 7.2.9. Reverse Forecast– Overview/Analysis
      • 7.2.10. Others– Overview/Analysis
    • 7.3. Single
      • 7.3.1. Global Horse Racing Market for Single, Revenue (USD Billion) 2016 – 2026
    • 7.4. Double
      • 7.4.1. Global Horse Racing Market for Double, Revenue (USD Billion) 2016 – 2026
    • 7.5. Treble
      • 7.5.1. Global Horse Racing Market for Treble, Revenue (USD Billion) 2016 – 2026
    • 7.6. Patent
      • 7.6.1. Global Horse Racing Market for Patent, Revenue (USD Billion) 2016 – 2026
    • 7.7. Accumulator
      • 7.7.1. Global Horse Racing Market for Accumulator, Revenue (USD Billion) 2016 – 2026
    • 7.8. Trixie
      • 7.8.1. Global Horse Racing Market for Trixie, Revenue (USD Billion) 2016 – 2026
    • 7.9. Forecast
      • 7.9.1. Global Horse Racing Market for Forecast, Revenue (USD Billion) 2016 – 2026
    • 7.10. Each-Way
      • 7.10.1. Global Horse Racing Market for Each-Way, Revenue (USD Billion) 2016 – 2026
    • 7.11. Reverse Forecast
      • 7.11.1. Global Horse Racing Market for Reverse Forecast, Revenue (USD Billion) 2016 – 2026
    • 7.12. Others
      • 7.12.1. Global Horse Racing Market for Others, Revenue (USD Billion) 2016 – 2026
  • Chapter 8. Horse Racing Market – Application Segment Analysis
    • 8.1. Global Horse Racing Market Overview: by Application
      • 8.1.1. Global Horse Racing Market Revenue Share, by Application, 2019 & 2026
    • 8.2. Global Horse Racing Market Analysis/Overview – By Application
      • 8.2.1. Online – Overview/Analysis
      • 8.2.2. Lottery Store – Overview/Analysis
      • 8.2.3. Racecourse– Overview/Analysis
      • 8.2.4. Others – Overview/Analysis
    • 8.3. Online
      • 8.3.1. Global Horse Racing Market for Online, Revenue (USD Billion) 2016 – 2026
    • 8.4. Lottery Store
      • 8.4.1. Global Horse Racing Market for Lottery Store, Revenue (USD Billion) 2016 - 2026
    • 8.5. Racecourse
      • 8.5.1. Global Horse Racing Market for Racecourse, Revenue (USD Billion) 2016 - 2026
    • 8.6. Others
      • 8.6.1. Global Horse Racing Market for Others, Revenue (USD Billion) 2016 - 2026
  • Chapter 9. Horse Racing Market - Regional Analysis
    • 9.1. Global Horse Racing Market: Regional Overview
      • 9.1.1. Global Horse Racing Market Revenue Share, By Region, 2019 & 2026 (USD Billion)
      • 9.1.2. Global Horse Racing Market Revenue, By Region, 2016 – 2026 (USD Billion)
    • 9.2. North America
      • 9.2.1. North America Horse Racing Market Revenue 2016 – 2026 (USD Billion)
      • 9.2.2. North America Horse Racing Market Revenue, By Country, 2016 – 2026 (USD Billion)
      • 9.2.3. North America Horse Racing Market Revenue, By Type, 2016 – 2026 (USD Billion)
      • 9.2.4. North America Horse Racing Market Revenue, By Application, 2016 – 2026 (USD Billion)
      • 9.2.5. U.S.
      • 9.2.6. Canada
    • 9.3. Europe
      • 9.3.1. Europe Horse Racing Market Revenue 2016 – 2026 (USD Billion)
      • 9.3.2. Europe Horse Racing Market Revenue, By Country, 2016 – 2026 (USD Billion)
      • 9.3.3. Europe Horse Racing Market Revenue, By Type, 2016 – 2026 (USD Billion)
      • 9.3.4. Europe Horse Racing Market Revenue, By Application, 2016 – 2026 (USD Billion)
      • 9.3.5. France
      • 9.3.6. Germany
      • 9.3.7. France
      • 9.3.8. U.K.
      • 9.3.9. Rest of Europe
    • 10.1. Asia Pacific
      • 10.1.1. Asia Pacific Horse Racing Market Revenue 2016 – 2026 (USD Billion)
      • 10.1.2. Asia Pacific Horse Racing Market Revenue, By Country, 2016 – 2026 (USD Billion)
      • 10.1.3. Asia Pacific Horse Racing Market Revenue, By Type, 2016 – 2026 (USD Billion)
      • 10.1.4. Asia Pacific Horse Racing Market Revenue, By Application, 2016 – 2026 (USD Billion)
      • 10.1.5. China
      • 10.1.6. Japan
      • 10.1.7. India
      • 10.1.8. Rest of Asia Pacific
    • 10.2. Latin America
      • 10.2.1. Latin America Horse Racing Market Revenue 2016 – 2026 (USD Billion)
      • 10.2.2. Latin America Horse Racing Market Revenue, By Country, 2016 – 2026 (USD Billion)
      • 10.2.3. Latin America Horse Racing Market Revenue, By Type, 2016 – 2026 (USD Billion)
      • 10.2.4. Latin America Horse Racing Market Revenue, By Application, 2016 – 2026 (USD Billion)
      • 10.2.5. Brazil
      • 10.2.6. Mexico
      • 10.2.7. Rest of Latin America
    • 10.3. Middle East & Africa
      • 10.3.1. Middle East & Africa Horse Racing Market Revenue 2016 – 2026 (USD Billion)
      • 10.3.2. Middle East & Africa Horse Racing Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 10.3.3. Middle East & Africa Horse Racing Market Revenue, by Type, 2016 – 2026 (USD Billion)
      • 10.3.4. Middle East & Africa Horse Racing Market Revenue, by Application, 2016 – 2026 (USD Billion)
  • Chapter 11. Company Profiles
    • 11.1. Tabcorp Huldings
    • 11.2. Macau Jockey Club
    • 11.3. Hong Kong Jockey Club
    • 11.4. Singapore Pouls
    • 11.5. William Hill
    • 11.6. Ladbrokes
    • 11.7. Bwin
    • 11.8. Others

List of Figures 

1. Research Methodology
2. Research Methodology – Basic Overview
3. Research Methodology – Detailed View
4. Global Horse Racing Market Revenue, 2016 - 2026 (USD Billion)
5. Porter’s Five Forces Analysis for Global Horse Racing Market
6. Global Horse Racing Market Attractiveness, By Type
7. Global Horse Racing Market Attractiveness, By Application
8. Global Horse Racing Market Attractiveness, By Region
9. Company Share Analysis, 2019
10. Global Horse Racing Market Revenue Share, by Type, 2019 & 2026
11. Global Horse Racing Market for Single, Revenue (USD Billion) 2016 - 2026
12. Global Horse Racing Market for Double, Revenue (USD Billion) 2016 – 2026
13. Global Horse Racing Market for Treble, Revenue (USD Billion) 2016 – 2026
14. Global Horse Racing Market for Patent, Revenue (USD Billion) 2016 – 2026
15. Global Horse Racing Market for Accumulator, Revenue (USD Billion) 2016 – 2026
16. Global Horse Racing Market for Trixie, Revenue (USD Billion) 2016 – 2026
17. Global Horse Racing Market for Forecast, Revenue (USD Billion) 2016 – 2026
18. Global Horse Racing Market for Each-Way, Revenue (USD Billion) 2016 – 2026
19. Global Horse Racing Market for Reverse Forecast, Revenue (USD Billion) 2016 – 2026
20. Global Horse Racing Market for Others, Revenue (USD Billion) 2016 – 2026
21. Global Horse Racing Market Revenue Share, by Application, 2019 & 2026
22. Global Horse Racing Market for Online, Revenue (USD Billion) 2016 - 2026
23. Global Horse Racing Market for Lottery Store, Revenue (USD Billion) 2016 - 2026
24. Global Horse Racing Market for Racecourse, Revenue (USD Billion) 2016 – 2026
25. Global Horse Racing Market for Others, Revenue (USD Billion) 2016 - 2026
26. Global Horse Racing Market Revenue Share, by Region, 2019 & 2026
27. North America Horse Racing Market Revenue, 2016 - 2026 (USD Billion)
28. Europe Horse Racing Market Revenue, 2016 - 2026 (USD Billion)
29. Asia Pacific Horse Racing Market Revenue, 2016 - 2026 (USD Billion)
30. Latin America Horse Racing Market Revenue, 2016 - 2026 (USD Billion)
31. The Middle-East and Africa Horse Racing Market Revenue, 2016 - 2026 (USD Billion 


List of Tables

1. Global Horse Racing market snapshot
2. Drivers for Horse Racing market: Impact analysis
3. Restraints of Horse Racing market: Impact analysis
4. North America Horse Racing Market Revenue, By Country, 2016 – 2026 (USD Billion) 
5. North America Horse Racing Market Revenue, By Type, 2016 – 2026 (USD Billion)
6. North America Horse Racing Market Revenue, By Application, 2016 – 2026 (USD Billion)
7. Europe Horse Racing Market Revenue, By Country, 2016 – 2026 (USD Billion) 
8. Europe Horse Racing Market Revenue, By Type, 2016 – 2026 (USD Billion)
9. Europe Horse Racing Market Revenue, By Application, 2016 – 2026 (USD Billion)
10. Asia Pacific Horse Racing Market Revenue, By Country, 2016 – 2026 (USD Billion) 
11. Asia Pacific Horse Racing Market Revenue, By Type, 2016 – 2026 (USD Billion)
12. Asia Pacific Horse Racing Market Revenue, By Application, 2016 – 2026 (USD Billion)
13. Latin America Horse Racing Market Revenue, By Country, 2016 – 2026 (USD Billion) 
14. Latin America Horse Racing Market Revenue, By Type, 2016 – 2026 (USD Billion)
15. Latin America Horse Racing Market Revenue, By Application, 2016 – 2026 (USD Billion)
16. Middle East & Africa Horse Racing Market Revenue, By Country, 2016 – 2026 (USD Billion) 
17. Middle East & Africa Horse Racing Market Revenue, By Type, 2016 – 2026 (USD Billion)
18. Middle East & Africa Horse Racing Market Revenue, By Application, 2016 – 2026 (USD Billion)
 

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