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horse racesCNBC
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85% Informative
After decades of declining interest, horse racing could be poised for resurgence.
A boom in gambling makes for bigger purses and attracts higher quality horses.
In 2023 , the sport added more than $36 billion to the U.S. economy, supporting nearly half a million jobs.
In 2022 , $12 billion was wagered on horse races, marking a new record, according to an analysis.
Trainer Bob Baffert says horse racing needs more high-profile events with big purses to drum up buzz.
The number of owners, horses and trainers in the U.S. has plummeted over the past two decades .
Some Wall Street names have earned a reputation for spotting — or creating — opportunities in horse racing.
In 2020 , racing horse deaths in the U.S. amounted to 1.41 per 1,000 race starts, according to HISA , which launched a track safety program in July 2022 .
HISA 's oversight and regulation will fuel more investment, HISA says.
Owners and trainers hope that will assuage concerns by lawmakers and regulators.
VR Score
89
Informative language
91
Neutral language
47
Article tone
formal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
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