LOUISVILLE, Ky. (WDRB) — A new study highlights Keeneland's economic impact in the bluegrass state.
The report from UofL's Departments of Equine Administration and Economics said Keeneland generates an estimated $1.6 billion annually for Fayette and other surrounding counties.
“Keeneland’s location in the heart of horse country allows us to serve as a global hub for the Thoroughbred industry,” Shannon Arvin, Keeneland president and CEO, said in a news release.
The revenue is generated from racing operations, Thoroughbred auctions, spring and fall meets, special events, retail, tours, and the impact of the construction of the new Paddock Building, which is expected to open in Fall 2025.
“Keeneland is a world-class destination that every Kentuckian, visitor and horse enthusiast loves to visit, and 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,” said Gov. Andy Beshear in a news release.
The study also noted that around 64% of race fans at Keeneland come from outside Kentucky, and 67% of those attending and participating in horse auctions from from out the state as well.
In addition to it contributing $1.6 billon annually for Fayette County and surrounding counties, but also has a big economic impact in Lexington.
To see the full study, click here.
Related Stories:
- Keeneland Fall Meet begins Friday as construction on new paddock continues at the track
- Keeneland Spring Meet kicks off Friday with some of the grounds under construction
- Keeneland plans major renovation to paddock, jockey quarters
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