KY Legislators Discuss Horse Racing Economic Impact

Speaking Feb. 10 during a horse industry legislative outlook session at the Keeneland sales pavilion, a group of Kentucky legislators discussed the significant economic impact of the horse racing industry and emphasized the importance of legislative support. Approximately 100 people, including those affiliated with the Kentucky Thoroughbred Farm Managers Club, Kentucky Equine Education Project, and Kentucky Thoroughbred Association, attended to hear remarks from Kentucky State Sens. Julie Raque Adams, Amanda Mays Bledsoe, Matt Nunn, Reginald Thomas, and Kentucky State Rep. Matt Koch—some of whom have ties to the Kentucky equine industry. Cook is a longtime member of the KTFMC, and Thomas is a racehorse owner. KEEP board member Jonathan Dixon moderated the panel. The legislators noted the importance of advocacy and engagement, noting that the industry generated $75 million for the general fund in the previous fiscal year. The panelists shared insights into the industry's economic benefits, including its role as a major driver of the state's economy and a cultural asset in Kentucky. Besides emphasizing the importance of legislative support to protect the industry from potential threats, they also discussed the need for continued engagement with legislators, especially during primary elections, to ensure industry support. The panel also covered the economic impact of Keeneland hosting rotating events such as the Breeders' Cup World Championships, as the track will do again for the fourth time this fall. "Breeders' Cup in 2022 was about an $81 million economic impact in just those few days," Bledsoe said of when Keeneland last hosted the two-day event. "When you look at Keeneland, you find spring and fall races are about a $300 million annual economic investment. That's pretty significant as a pure tourism economic development driver of Fayette County." Industry Support The panel encouraged the audience to use their voice and vote for politicians who support the Thoroughbred industry. "Get involved in the primary for someone who supports the issue. They support most of what you're for," Bledsoe said. "Tell someone else who's involved in the horse racing industry. They listen. They care. That matters." "I think it's important to build networks and meet people," Thomas added. "We as legislators get out and meet you, and talk to you, and you get to see who best supports your visions." KEEP DAY At The Kentucky Capitol The legislators also expressed the importance of KEEP Day at the Capitol, taking place this year Feb. 12, and designed to bring the horse industry's voice to Frankfort. This event unites horse industry leaders, participants, and supporters to spotlight the powerful economic, cultural, and community impact the horse industry has across Kentucky. Adams encouraged the crowd to attend, saying, "It really is important, and it is a very important day for folks that are in the industry to connect with legislators."