The horse industry in Ohio is a major contributor to the state’s economy. The industry is estimated to generate over $1 billion in economic activity each year, making it an important sector of the state’s agriculture. The industry supports over 30,000 jobs, many of which are in the equine-related fields such as veterinary medicine, horse racing, horse shows, and training. Ohio also has a long history of being home to many of the world’s best horse breeders and trainers.
The Horse Industry’s Economic Impact in Ohio
The horse industry in Ohio contributes significantly to the state’s economy. It is estimated that the industry produces over $1.4 billion in economic activity each year. This includes the direct economic activity from horse racing, horse shows, riding and training, and the indirect economic activity generated by the spending of those employed in the industry.
The industry supports over 30,000 jobs in the state, many of which are in the equine-related fields such as veterinary medicine, horse racing, horse shows, and training. The horse industry also contributes to the state’s tax base, generating an estimated $76 million in state and local taxes each year.
Ohio’s Horse Racing Industry
The horse racing industry is a major contributor to the horse industry’s economic impact in Ohio. The state is home to four major racetracks: Thistledown Racetrack in Cleveland, Mahoning Valley Race Course in Youngstown, Beulah Park in Grove City, and Scioto Downs in Columbus. Each racetrack hosts numerous races throughout the year, attracting thousands of spectators.
The horse racing industry in Ohio generates an estimated $500 million in economic activity each year, and supports over 3,000 jobs. The state also collects an estimated $24 million in taxes from the racing industry each year.
Horse Shows in Ohio
Horse shows are a major part of Ohio’s horse industry. The state hosts numerous horse shows throughout the year, both nationally and locally. These shows attract thousands of spectators and competitors, and generate an estimated $200 million in economic activity each year.
The shows also support over 2,000 jobs in the state, and generate an estimated $14 million in taxes each year.
Ohio’s Thoroughbred Breeding Industry
Ohio is home to numerous world-renowned thoroughbred breeders. The state is home to over 1,500 thoroughbred breeders, and over 50,000 thoroughbreds. The thoroughbred breeding industry in Ohio generates an estimated $200 million in economic activity each year, and supports over 2,000 jobs.
The state also collects an estimated $14 million in taxes from the thoroughbred breeding industry each year.
Ohio’s Equestrian Centers and Farms
Ohio is home to numerous equestrian centers and farms, many of which are open to the public for riding and boarding. These centers and farms generate an estimated $100 million in economic activity each year, and support over 1,500 jobs. The state also collects an estimated $7 million in taxes from the equestrian centers and farms each year.
Ohio’s Horse Training Industry
Ohio is home to numerous horse trainers who specialize in different disciplines such as dressage, show jumping, eventing, and more. The horse training industry in Ohio generates an estimated $50 million in economic activity each year, and supports over 1,000 jobs. The state also collects an estimated $3 million in taxes from the horse training industry each year.
Ohio’s Horse Products and Services Industry
Ohio is home to numerous businesses that specialize in providing products and services to the horse industry. These businesses generate an estimated $50 million in economic activity each year, and support over 1,000 jobs. The state also collects an estimated $3 million in taxes from the horse products and services industry each year.
Conclusion
The horse industry in Ohio is a major contributor to the state’s economy. The industry is estimated to generate over $1 billion in economic activity each year, and supports over 30,000 jobs. The horse industry also contributes to the state’s tax base, generating an estimated $76 million in state and local taxes each year.
The horse industry in Ohio has a long and storied history, and continues to be an important part of the state’s economy. The industry has a wide range of economic impacts, from the direct economic activity of horse racing, horse shows, riding and training, to the indirect economic activity generated by the spending of those employed in the industry.