According to a report commissioned by the Racecourse Holdings Trust, British horse-racing will attract £300 million in investments over the next five years. This will make it the country's second most popular sports investment sector following football.
The new statistics will be published this week, just before the opening of the new racing season, exposes the growth of the horse-racing business in the UK.
The findings show that jump racing is the fastest-growing part of the industry, with attendance up 43 per cent between 2001 and 2005. Between November and April, the peak winter season, jump racing, where horses jump over fixed fences, accounts for most of the race betting turnover.
88,000 people from across the UK are employed by the horse racing industry. £420 million has been spent on renovating course facilities while tax revenues from horse racing and related gambling contributed £280 million to the UK treasury.
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