Keeneland Race Course Generates $1.6 Billion Economic Impact for Lexington, Study Reveals

LEXINGTON, Ky. — A recent economic impact study conducted by the University of Louisville reveals that the Keeneland Race Course contributes approximately $1.6 billion to the local economy. This extensive analysis covers Keeneland’s racing operations, annual Thoroughbred auctions, related business lines, and ongoing construction investments.

According to the findings, a significant portion of this economic impact derives from visitors outside of Kentucky. About 64% of racing attendees are from out-of-state, and 67% of those participating in horse auctions also come from outside Kentucky. Furthermore, remarkably, 24% of these auction visitors are from international locations.

“Keeneland’s location in the heart of horse country allows us to serve as a global hub for the Thoroughbred industry,” stated Keeneland President and CEO Shannon Arvin. This sentiment underscores Keeneland’s role in promoting both the equine industry and the surrounding Central Kentucky community.

Governor Andy Beshear also remarked on Keeneland’s significance, stating, “Keeneland is a world-class destination that every Kentuckian, visitor, and horse enthusiast loves to visit. It’s no surprise this Kentucky treasure is also a huge economic engine, generating $1.6 billion in economic impact each year for Lexington and our entire commonwealth.”

The study, led by UofL Economics Professor Thomas E. Lambert, assessed multiple facets of Keeneland’s operations, which include not only horse racing and auctions but also year-round special events and guided tours. The detailed evaluation showcases how Keeneland functions as a vital link between the region and the global equine community.

This economic impact is not just vital for Keeneland but for local businesses as well. As visitors flock to the area, they support hotels, restaurants, and various related services, fostering growth in the entire region. Keeneland’s business model emphasizes its commitment to enhancing the local economy while promoting the equine industry worldwide.

In summary, the University of Louisville’s study highlights Keeneland’s pivotal role in not only supporting the Thoroughbred industry but also acting as an economic powerhouse for Lexington and its neighboring areas. This reinforces Keeneland’s mission to bolster both local and global initiatives in the equestrian sector for generations to come.


Author: HERE Lexington

HERE Lexington

Recent Posts

Former Kentucky Governor Ernie Fletcher Bids Farewell to KSU Board of Regents After Extended Tenure

Frankfort, Kentucky – Former Kentucky Governor Ernie Fletcher has officially departed from the Board of…

8 hours ago

Police Search for Suspects in Armed Burglary in Lexington, Ky.

Lexington, Ky. — Police are currently searching for two suspects involved in an armed burglary…

8 hours ago

Lexington Ballet Celebrates 50th Season with Enchanting Performances of “The Nutcracker”

Lexington, Ky. — The Lexington Ballet is set to enchant audiences with performances of "The…

8 hours ago

Greenup County Health Department to Close Early for Staff Development on November 18

Greenup County Health Department to Close Early for Staff Development Greenup – The Greenup County…

8 hours ago

Lexington Police Department Promotes Collaboration with Community to Combat Crime Using Advanced Surveillance Technology

LEXINGTON, Ky.—The Lexington Police Department is urging local businesses and residents to collaborate in tackling…

8 hours ago

Local Soprano Angelique Clay to Showcase Vocal Talent in Two Concerts in Lexington This November

Lexington, Kentucky - Local soprano Angelique Clay, an associate professor at the University of Kentucky,…

8 hours ago