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Maryland Department of Agriculture

Horse Industry Reports & Studies

Economic impact of Maryland's horse industry

By the numbers

Racing sector

  • $885M

    Total economic impact of thoroughbred, standardbred, and steeplechase racing 

  • $557M

    Value added to the state economy

  • 10,951

    Jobs provided

Competition sector

  • $371M

    Total economic impact of shows, events, competitions and clinics

  • $222M

    Value added to the state economy

  • 4,154

    Jobs provided

Recreational sector

  • $461M

    Total economic impact of trail riders, fox hunters, pleasure riders, lessons and more

  • $274M

    Value added to the state economy

  • 4,560

    Jobs provided

Support & wellness sector

  • $36M

    Total economic impact from equine assisted services, including over a dozen Veterans' groups

  • $3.16M

    Economic impact from 58 rescues and sanctuaries

  • 38,000

    Volunteers share their passion for horses

Sources: The American Horse Council Economic Impact Study 2024, University of Maryland, IEA & IHSA, US Pony Club, Maryland Horse Industry Board

Studies

Industry event reports

Maryland equine reports