Saturday, November 23, 2024

Horse racing in Tipperary contributes significantly to the rural economy

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An independent report produced for Horse Racing Ireland has found that the horse racing industry in Tipperary generates €329 million in expenditure and provides 3,025 jobs locally.

In 2023 Deloitte produced an independent report for Horse Racing Ireland (HRI) on the Social and Economic Impact of Irish Thoroughbred Breeding and Racing, based on 2022 data. This report estimated Irish racing and breeding’s total expenditure to be €2.46 billion, with over 30,000 people employed, the majority of which are in rural communities. 

This led us to dig deeper and assess the impact of the industry in the counties and regions across Ireland, and in Tipperary specifically, found that the racing and breeding industry provides a significant economic contribution, generating €329 million in expenditure and providing 3,025 jobs locally.

 
The county is home to three racecourses at Clonmel, Thurles and Tipperary which attracted a total of 45,853 racegoers in 2023.

Tipperary is also the headquarters of the largest global breeding operation, Coolmore, and its world leading roster of stallions including the legendary Galileo.

There are 798 registered breeders and 70 licensed trainers located across the county and the point-to-point industry is also well represented.

Bloodstock sales generated in the region amounted to an impressive €88 million.

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