Pennsylvania Race Horse Development Fund Fact Sheet

Pennsylvania Race Horse Development Fund Fact Sheet

• Pennsylvania horse racing supports the economy and protects farmland.

• Pennsylvania horse racing contributes $1.6 billion in economic activity every year.

• 18 percent of the total acres in the agricultural preservation program are equine-related.

• The PA Gaming Act has increased jobs by 205 percent! Of those equine jobs, 23,028 are within the horse racing industry.

• Horse owners and trainers reinvested 89 percent ($210 million) of monies paid from the Race Horse Development Fund into their local economies.

• Since expanding gaming, many PA farms have opened or grown and are home to about $40 million in racehorses.

• Did you know the Pennsylvania equine community generates $4 billion in annual economic activity?

• The PA horse racing industry generates $1.6 billion in annual economic activity, more than a quadruple increase from 2002.

• Funding from the Race Horse Development Fund has encouraged new business and economic development in Pennsylvania.

• According to the Pennsylvania Gaming Control Board, horse owners and trainers reinvested approximately 89 percent, or $210 million, of monies paid from the Race Horse Development Fund into their local economies.

• Each year, Pennsylvania’s agriculture and horse racing industries pour billions of dollars into Pennsylvania’s economy and support tens of thousands of jobs.

• According to the PA Gaming Control Board, in 2014, revenue generated from slot machine gaming accounted for approximately 87 percent of all purses earned.

• Before Act 71, horse racing had a $1 billion impact in the state. It now has a $4 billion economic impact.

• The horse racing industry has a $4 billion economic impact to equine industry in Pennsylvania.
• The Pennsylvania Race Horse Development Fund is a national example.
• There is no tax money used in the Race Horse Development Fund. The fund was created through slot generated money.