The U.S. horse industry has an economic impact of around $122 billion, which is $20 billion dollars more than the estimation made in the previous year study. The industry also employs around 1.74 million people, and is responsible for 7.2 million horses, with Texas, Florida and California having the highest horse populations. Furthermore, 38% of those who take part in the industry are under 18.

Other interesting facts:

• In the Recreation sector, it was shown that 13 million households participated in trail riding, and 87% of them did so on public land.

• In the Racing sector, around $11 billion was waged in 2016 at Thoroughbred and Quarter Horse racetracks, and $1.45 billion at Harness racetracks.

• In the competition sector, 6,313 competitions were licensed in 2016, employing 1,654 managers to run them.

• 30.5% of American households contain a horse enthusiast.

• 80 million acres of land is dedicated to horse-related activities.