Indiana Horse Racing Commission Unveils Economic Impact Study
For Immediate Release
May 16, 2001
The Indiana Horse Racing Commission (IHRC) commissioned a study from Purdue University Department of Agricultural Economics to address the economic impacts of Indiana's Horse Racing. The report was released today.
The study shows annual economic impacts associated with Indiana's pari-mutuel horse racing industry are $129,860,556 just after five years of operation.
"The equine industry is an important sector of Indiana's economy," said IHRC Chairman Nicholas F. Stein. "This study precisely describes Indiana's horse racing industry and its impact on the Hoosier economic landscape."
The study finds the total annual impacts associated with horse racing enterprises and Hoosier Park operations in 1999 were $129,860,566. This activity resulted in an annual payment of $48,824,398 in personal income and 2,866 jobs to the Indiana economy. In addition, the Indiana state government received $4,559,544 in taxes directly from the horse racing industry and an estimated additional $2,242,737 in revenue as a result of industry related household income payments.
The study reports strong industry growth over the past seven to ten years, and concludes that, "The industry is poised to continue this growth, increasing the importance of the industry in the state's economy and stimulating growth throughout Indiana communities."
Copies of the study, Economic Impacts of Indiana's Pari-Mutuel Horse Industry on Indiana, are available online at www.state.in.us/ihrc or by contacting the Indiana Horse Racing Commission at 317-233-3119.
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On September 9, the Indiana Standardbred Breed Development Program and the Indiana Horse Racing Commission (IHRC) is hosting a FREE broodmare health seminar for all Standardbred breeders and owners at Hoosier Park Racing and Casino in Anderson, Indiana.
The Commission invites anyone interested in learning how to improve the health and wellness of the mares in their breeding operation, whether they have one or 20, to attend. The seminar will be held at 1 p.m.
Afterwards, all attendees are invited to a night of harness racing, with first post at 6:30 EDT. Hoosier Park will be giving all attendees a five dollar voucher that can be used for betting or in the casino, as well as access to private suites and start car rides.
“We know breeding top quality foals is everyone’s goal, and we can only do that if the mares are healthy,” says Jessica Barnes, the IHRC’s Director of Breed Development and Racing. “We want to offer our breeders some free education to improve their conception and foaling rates, thus helping grow our Standardbred program.”
Topics to be covered in the seminar include:
- Preparing Maiden and Older/Open Mares for Breeding
- Factors Impacting Conception
- Broodmare Nutrition
- Overall Broodmare Health
The presenters bring with them years of experience in the veterinary and nutrition fields. The IHRC welcomes Dr. Colleen Brady (Purdue University), Dr. Kevin Kirtley (K.C. Kirtley Vet Inc.) and Anthony Koch (Hallway Feeds).
Anyone interested in attending the seminar should RSVP by September 1 by emailing Standardbred@hrc.in.gov
Updates will be posted on the program’s Facebook page: http://www.facebook.com/indianaStandardbred
You can also add the event to your Facebook events: https://facebook.com/events/1297815440327561/