Study: Horses are a $39 billion industry

Wednesday, June 29, 2005

RICHARDSON, Texas -- Deloitte Consulting LLC estimates that the horse industry contributes $39 billion to the U.S. economy. That covers everything from the cost of saddles and salt blocks for backyard ponies to the earnings of millionaire jockeys and trainers. When indirect costs are included -- the money spent at grocery stores, car dealers and dry cleaners by people who work in the business -- the economic impact is $102 billion.

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