Horse racing is a popular sport around the world, with different countries having their own unique racing traditions and cultures. According to the International Federation of Horseracing Authorities (IFHA), the top 10 countries by prize money in Thoroughbred flat racing in 2021 were:
1. United States: $1.86 billion
2. United Kingdom: $1.09 billion
3. Japan: $1.08 billion
4. Hong Kong: $962 million
5. France: $555 million
6. Germany: $372 million
7. Ireland: $340 million
8. Australia: $303 million
9. Saudi Arabia: $292 million
10. United Arab Emirates: $227 million
How is horse racing popular in these countries?
There are a number of factors that contribute to the popularity of horse racing in these countries:
* Tradition: Horse racing has a long and storied history in many of these countries, dating back centuries. In the United Kingdom, for example, horse racing has been a popular sport since the 12th century.
* Culture: Horse racing is deeply ingrained in the culture of many of these countries. In Japan, for example, horse racing is considered a national sport and is a major source of entertainment for the public.
* Economics: Horse racing is a significant economic driver in many of these countries. In the United States, for example, the horse racing industry generates an estimated $37 billion in economic impact each year.
* Gambling: Horse racing is a popular form of gambling in many of these countries. In the United Kingdom, for example, horse race betting is the second most popular form of gambling after lotteries.
These factors combine to make horse racing a popular sport around the world, with millions of fans following the sport and attending races throughout the year.