The horse racing event, along with being a popular game all over the world, also serves as a game of economic significance. The revenues for the horse racing events come from various sources like the betting operators, owners, race-goers, sponsorship fees paid by the players and State contribution.
The horse racing sector and betting is closely related. Betting serves as the largest source of tax paid to the Government during the racing events.
With the increase in the popularity of horse race over the years, the betting industry has also diversified its ranges and has become more competitive. The industry exhibits a mix of pool, mixed odds and spread betting, along with the betting exchanges. Overseas betting also serves as one of the best sources of revenue.
The extent of betting in the horse racing events differs in different countries. Let’s take a look at the top 10 horse racing betting countries.