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Horse Racing Tracks - Industry Market Research Report

  • June 2016
  • -
  • Ibisworld
  • -
  • 35 pages

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Trotting slowly: Competition from casinos and lotteries has hurt profitability



Abstract

Horse Racing Tracks

In line with a long-term decline, the Horse Racing Tracks industry has performed poorly over the past five years. Industry demand is increasingly being eroded as competing leisure and gambling activities progressively outcompete horse racing tracks in attracting customers. In addition, low employment and levels of per capita disposable income have led to a reduction in discretionary consumer spending, including at industry establishments. The industry is expected to continue to decline over the five years to 2021, albeit at a slower rate than in the previous five years. Growth in the US economy is forecast to lower unemployment and increase incomes; however, the industry will still have to confront the long-term issue of the declining popularity of horse racing.

Operators in this industry operate horse racing tracks. Industry services include on-track, off-track and simulcast betting, as well as other gambling activities and services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



Related Reports

Horse & Other Equine Production in the US

Racing & Individual Sports in the US

Lotteries & Native American Casinos in the US

Casino Hotels in the US

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