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The Pennsylvania Thoroughbred Horsemen’s Association (PTHA) works hard to protect and provide for the Parx Racing horsemen through the guarantee of live racing, horsemen’s rights, health care and pension for horsemen, benevolence programs, and more.

 

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Pennsylvania Race Horse Development Fund Fact Sheet

Pennsylvania Race Horse Development Fund Fact Sheet link

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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.

Originally posted here: https://www.pahbpa.com/what-we-do/news/pennsylvania-race-horse-development-fund-fact-sheet/