pros and cons of horse racing

Horse racing is an adrenaline filled sport for all the participants. It is a short lived, action packed, joy ride. The sport has increased in popularity over the past several years, due to the need for a rush, and is continuing to rise. Due to this massive influx in size the amount of money the business is contributing to the government is large. The business has also had to hire a multitude of people to help carry out the job of keeping the business as orderly as possible. The enlargement of the horse racing industry has also made the stakes for money in the winning a much bigger deal for owners which means they will do most anything to win. This includes the use of illegal drugs on the horses and many other forms of cheating. When the prize money raises so does the need for as many winning horses as possible for horse owners in the industry. The need for horses has led to an intense amount of over breeding of thoroughbreds.
The amount of money contributed to the United States government by the horse racing industry is an incredible amount. On average the sport produces 38.8 billion dollars, of which a whopping $1.88 billion is paid in annual taxes. That amount of money just goes to the United States. Around the world, countries make on average 40.2 billion. For instance, in Europe, horse racing is a widely known event and is tradition to participate in. they make on average about 45.3 billion United States dollars in the horse racing industry. Then, when talking into account supplies and employees, they produce around 101.6 billion us dollars. Governments around the globe benefit highly from the industry and horse racing being banned could have a drastic effect on entire populations from lack of money.
Horse racing being banned could also cost millions of people around the globe their jobs and businesses. According to a recent labor poll over 4.6 million people are involved in the horse industry in some way, either as owners, employees, service providers or