Did you know that in 2022, over $12 billion was wagered in thoroughbred horse racing, with total purses distributed reaching an unprecedented $1.25 billion? As a seasoned racehorse owner, I often discuss the sport’s facets with enthusiasts.
A common question arises: “Where does the horse racing purse money come from?” This money, crucial for fueling the sport’s passion and rivalry, originates from spectator bets, racer entry fees, and sponsorships. Join me as we delve into the financial core of horse racing, exploring how purse money not only rewards winners but also drives the sport’s thrilling competition.