The Maryland horse industry is said to be worth $1.3 billion to the state itself, according to a report revealed from an economic impact study released this year. This massive total includes jobs provided, of which there are 21,000 offered. A general sum of $500 million stems from racing itself.
“Horses are a part of Maryland’s history and heritage, but this study confirms the important contributions that industry makes today to Maryland’s economy and way of life. As a part of the agriculture community horse farms are productive partners in protecting the environment and educating young people”, noted director of Maryland Horse Breeders Association, Cricket Goodall.
These sentiments regarding the Maryland horse industry and its place deep in the heart of the state’s culture were echoed by Sal Sinatra of the Maryland Jockey Club. “Maryland’s racing industry has continued to grow and make major strides at our facilities. The support from spectators and horsemen throughout the country has allowed us to continue to grow and excel,” said Sinatra.
“The study confirms the depth and breadth of the equine industry,” continued Ross Peddicord of the Maryland Horse Industry board. “We have 35 different equestrian disciplines and 40 breeds of horses with horse shows, rodeos and thousands of folks, particularly youngsters, taking riding lessons and learning about and enjoying horses. Both the racing and non-racing sectors complement each other in a very strong and productive way.”
The jobs within the Maryland horse industry and just restricted to owners, trainers and jockeys. Thousands of stablehands, equine doctors, therapists and facility caretakers also reap the benefits. This impact study also took in to account the recreational sector along with the racing sector, giving the former an overall sum of $396 million. Breeding would assumedly account for the remainder.
We’ll see Maryland spotlit quite a bit this week with the running of the 2018 Preakness Stakes, which you can watch and wager on at TwinSpiresTV and on NBC.