Estimated Economic Contribution of Thoroughbred Industry to the State of Washington
Summary
A two-table estimate titled Estimated Economic Contribution of Thoroughbred Industry to the State of Washington, described as a 2019 study updated in 2022. The first table gives investment value and annual cash outflows for Emerald Downs, WA Race Horse Owners and WA Thoroughbred Breeders, with total annual cash outflows of $70,545,563. It reports a total direct and indirect annual economic contribution to the state of $240,497,351 and cites a study by the Seattle-King County Convention and Visitors Bureau that indicated a multiplier of 3.5 for visitor's expenditures. The second table breaks annual cash outflows into salaries and wages, payments to other industries and payments to government agencies for each group.
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“Estimated Economic Contribution of Thoroughbred Industry to the State of Washington.”
Original at app.leg.wa.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/committee-48c101a2a2954396/
, SHA-256 0ad83976025b86331086630ce3a8df2b49af8f84d6fb6b73caf72d13db8aa48c.Full text
Estimated Economic Contribution of Thoroughbred Industry to the State of Washington INVESTMENT VALUE Emerald Downs S 86,686,592 WA Race Horse Owners S 16,057,800 WA Thoroughbred Breeders S 58,949,472 GRAND TOTALS S 161,693,864 TOTAL DIRECT AND INDIRECT ANNUAL ECONOMIC Contribution to the State of Washington (S X 3.5%) 2019 study updated in 2022 ANNUAL CASH OUTFLOWS $ 28,158,576 $ 26,417,299 $ 15,969,688 S 70,545,563 $ 240,497,351 * A study by Seattle-King County Convention and Vistors Bureau indicated a multiplier of 3.5 for visitor's expenditures. Since the thoroughbred andtravel industries are similarly labor-intensive, it is reasonable to assume that the multipliers for the Estimated Economic Contribution of Thoroughbred Industry to the State of Washington EMERALD HORSEMEN BREEDERS TOTAL Salaries and Wages S 11,077,864 S 16,800, 744 S 8,580,000 S 36,458,608 Payments to other Industries S 12,671,324 $ 8,114,213 S 4,905,210 S 25,690,747 Payments to Gov Agencies S 4,409,388 S$ 1,502,343 S 2,484,478 iS 8,396,209 GRAND TOTALS S 28,158,576 S$ 26,417,299 S 15,969,688 S 70,545,563
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- 2025-01-22_a32364_d275629_economic-impact-thoroughbred-industry-2022-handout.pdf
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- 894,695 bytes
- SHA-256
- 0ad83976025b86331086630ce3a8df2b49af8f84d6fb6b73caf72d13db8aa48c
- Original
- app.leg.wa.gov