Florida’s thoroughbred horse industry plays a crucial role in the state’s rural economy, supporting 33,500 jobs and generating $3.24 billion in economic impact. The state is a leader in thoroughbred breeding, training, and racing, second only to Kentucky, with Florida-bred horses dominating race entries, wins, and purse earnings. The industry’s success is deeply rooted in its ability to produce elite competitors, with up to 75% of all juvenile thoroughbreds in the U.S. receiving training in Florida. However, proposed legislation (HB 105/SB 408) threatens this legacy by allowing pari-mutuel permit holders to decouple from live racing and operate as standalone casinos, potentially weakening Florida’s reputation and economic strength in the equine industry.
Beyond racing, the thoroughbred industry supports a vast network of workers, businesses, and tourism, making it a pillar of Florida’s rural economy. The state’s prominence in championship racing, including the Florida Derby, attracts global interest, and other states with strong regulatory protections have seen their markets grow. Allowing decoupling could drive business and talent to competitors like Kentucky, weakening Florida’s economic position. Instead of undermining this vital industry, lawmakers should reinforce their investment to maintain Florida’s dominance in thoroughbred racing and preserve the jobs, heritage, and economic impact that make the state a leader in the field.
Click the link below to read the full article by Lonny Powell from www.orlandosentinel.com
https://www.orlandosentinel.com/2025/03/01/commentary-thoroughbred-industry-is-part-of-floridas-rural-renaissance/
