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The Alabama horse industry directly
produces goods and services valued exceeding 573 million dollars.
The equine industry has nearly
a one billion-dollar impact on the Alabama economy when the multiplier
effect of spending by owners, industry suppliers, and employees
is taken into account. Accounting for off-site spending of event
participants and spectators would result in an even higher figure.
Over 44,000 Alabama households
are involved in the industry as horse owners, service providers,
employees and volunteers. Even more participate as spectators. Nearly
every county has a show facility, a local horse association, and
a regular pattern of equine events, shows, or competitions.
Birmingham is the home of one
racetrack with a spring and early summer season that features thoroughbred/quarter
horse racing and year-round simulcast viewing some other tracks
for pari-mutuel purposes.
Alabama's agricultural sector
generates about 20% of the State's total gross product. About 15%
of this is horse-related.
The Alabama horse industry directly
provides between 1,000 and 1,800 full-time equivalent jobs. Spending
by suppliers and generates additional jobs in Alabama for a total
employment impact of between 3,480 and 4,872 jobs.
There are nearly 100,000 horses
in Alabama, over 98 percent of which are involved in activities
other than racing.
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