Skip to content

Study Reveals $40 Billion Impact On Economy


June 28, 2005
by the American Horse Council


The horse industry in the United States contributes $39 billion in direct economic impact to the U.S. economy and supports 1.4 million jobs on a full-time basis, according to a new study released today by the American Horse Council (AHC). When indirect and induced spending are included, the industry’s economic impact reaches $102 billion. The study also estimates the horse population in this country has reached 9.2 million.  


The study, conducted by Deloitte Consulting, LLC over the last year, was commissioned by the American Horse Council Foundation with major funding support from the American Quarter Horse Association, The Jockey Club, the National Thoroughbred Racing Association and Breeders’ Cup Limited, Keeneland Association, American Paint Horse Association, American Association of Equine Practitioners, U.S. Trotting Association, Thoroughbred Owners and Breeders Association and the U.S. Equestrian Federation. 


The study, titled The Economic Impact of the Horse Industry in the United States, is the most comprehensive research document ever compiled on the American horse industry. (The media can access a summary of the report at


The study reveals:


·     An industry that is both large and economically diverse, as well as a key contributor to the overall fabric of the U.S. economy;

·     Horse owners and industry suppliers, racetracks, and off-track betting operations, horse shows and other industry segments all generate discrete economic activity contributing to the vibrancy of the overall industry;

·     Of the total economic impacts reported, approximately $32.0 billion is generated from the recreational segment; $28.8 billion from the showing segment and $26.1 billion is generated from the racing segment.

“This study paints a portrait of an industry that operates in every corner of the country and contributes mightily to the American economy and culture,” said Jay Hickey, President of the AHC. “Never before has the impact of our industry been so dramatically demonstrated.”

“Millions of Americans have a personal commitment to the horse industry, from the grassroots to those who compete nationally and internationally,” said David O’Connor President of the United States Equestrian Federation and an Individual Olympic Gold Medalist. “Some are kids riding their backyard horse for the sheer joy of it, some support their family working for an equine business, and others are breeders and competitors at the highest levels. Together they contribute billions to the economic health of our country through their shared passion for the great American icon, the horse.”


“Horses have a special place in America’s history and culture,” said Congressman Don Sherwood (R-Pennsylvania).  “This study clearly demonstrates the horse industry’s significant role in America’s economy.”


"As someone who has spent a lifetime around horses, I understand how much they are a central piece of our nation's fabric, from rodeos and trail riding to racing and showing," said Representative Joel Hefley (R-Colorado). "This report demonstrates how horses of every breed positively impact our economy and our way of life." 


"This study confirms what many of us in the Congress already knew, that the American horse industry is a vital contributor to the U.S. economy while bringing pleasure to millions of people," said Senator Mitch McConnell, (R-Kentucky).


Some of the key industry statistics and economic indicators reflected in the study include:


  • Estimated number of horses in the U.S.
    • 9.2 million
  • Estimated number of horses by Activity
      • Recreation - 3,906,923
      • Showing -     2,718,954
      • Racing -           844,531
      • Other -         1,752,439
  • Estimated number of horses by Breed
      • Quarter Horse - 3,288,203
      • Thoroughbred -  1,291,807
      • Other Horses -   4,642,739
  • Estimated number of horses in each of the 50 states.
    • Texas (one million), California (700,000) and Florida (500,000) are the leading horse states.
    • 45 of 50 states have at least 20,000 horses.
  • Number of people participating in the industry.
    • By form of participation (e.g., owner, volunteer, etc.).
      • Owners -     2 million
      • Volunteers - 2 million
    • By demographic breakdown (age, income, etc.).
  • Direct, indirect and induced economic impacts of the industry on U.S. and individual state economies.
    • Contributions to Gross Domestic Product (GDP).
      • Nationally, $102 billion via direct, indirect and induced spending.
    • Number of Full-Time Equivalent (FTE) jobs produced.
      • 1.4 million.

In conducting the study, Deloitte contacted 400,000 horse owners and other industry participants involved in all segments of the horse industry, including people involved in both the recreational and commercial spheres. The report is available for a fee by contacting the AHCF at


About American Horse Council

The AHC represents the horse industry in Washington, D.C. Organized in 1969, it has been promoting and protecting the industry by communicating with Congress, federal agencies, the media and the industry on behalf of all horse related interests. The AHC is member supported by individuals and organizations representing every facet of the horse world, including owners, breeders, veterinarians, farriers, breed registers, horsemen’s associations, race tracks, rodeos, commercial suppliers and state horse councils.

More Stories

  • Morgan Honors at USEF Convention

    AMHA is pleased to congratulate Morgan trainer Mike Goebig of Kutztown, Pennsylvania, as the 2017 Pegasus Medal of Honor recipient. Mike received this great honor at last evening's US Equestrian's awards dinner... Read More
  • NWSA Fall Classic Selects Judge

    The Northwest Saddlebred Association Fall Classic Horse Show has named Bill Waller to be the judge for this year’s show. The event is scheduled for Sept. 19-22, 2018 at the Oregon Horse Center in Eugene, Oregon. Read More
  • Freedman's Announces Release of New Saddle Pad

    Freedman’s is proud to launch their newest product, The Freedman Acavallo Memory Foam Gel Pad. The Freedman Acavallo Memory Foam Gel Pad is a full compression, non-slip pad, specifically designed to fit discreetly under Freedman’s cut back saddles... Read More
  • Far West Morgan Regional Joins Country Classic

    The Far West Morgan Regional Championship Horse Show has big changes in store for participants in 2018. Last year Far West was held in conjunction with the Oregon Morgan Classic at the Oregon Horse Center in June. Read More
  • River Ridge Charity Selects Judging Panel

    River Ridge Charity is fast approaching and is scheduled for Wednesday through Saturday, April 25-28, 2018 at the Ohio Exposition Center in Columbus, Ohio... Read More
  • ASHA Welcomes New Directors For 2018

    The American Saddlebred Horse Association (ASHA) is pleased to announce the election of seven (7) new members to its Board of Directors, who will join the Board at the UPHA & ASHA Conference, which will host the ASHA annual meeting on February 1, 2018. Read More
  • David L. Howard to be Honored for Lifetime Achievement

    The American Saddlebred Horse Association (ASHA) has announced its annual award recipients, based on ballots tabulated by the ASHA Board of Directors. Nominees for each award are received from the general membership and committee volunteers, screened by the ASHA Executive Committee, and voted on by the full Board from the candidates selected. Read More
  • Iowa Horse Shows Associations Annual Meeting and Awards Banquet

    The Iowa Horse Shows Association will hold their annual meeting and awards banquet on Saturday, February 10, 2018 at The Prairie Meadows Event Center, Altoona, IA. Events begin at 3:30 PM with the annual membership meeting of the Iowa Horse Shows Association followed by the Iowa American Saddlebred Association meeting. At 5:30 PM the American Saddlebred Futurity of Iowa will hold their Stallion Service Auction. The Banquet and Awards ceremony will begin at 7 PM. Read More
  • 2018 AMHA Convention Schedule

    Come celebrate Valentine’s Day with your favorite breed and those who share the same passion as you at the Hyatt Regency in Lexington, Kentucky, for the 2018 AMHA Annual Convention and Awards Gala... Read More
  • Jubilee Regional Morgan Horse Show Takes Hiatus for 2018

    Due to continued uncertainty at the Illinois State Fairgrounds, the committee for the Jubilee Regional Morgan Horse Show has voted to take a one-year hiatus from hosting the show traditionally held at the Illinois State Fairgrounds in Springfield at the end of August... Read More