Racing in the Bluegrass: Wagering, Tourism and Jobs


TO POINT OUT IS THE 80 TO 1000
KENTUCKIANS WORKING BEHIND THE
SCENES THAT ARE THE REAL STARS. ♪
>>WE CLEAN THE HORSES, SADDLE
THEM UP FOR WRITERS –RIDERS. WE TAKE THEM TO THE STALLS, THE
WATER BUCKETS, HAY.>>THEY DO ALL THE WORK. THEY COME IN AT 4:30, CLEAN THE
STALLS, CLEAN TH HORSES,
THEY’VE THEM, FEED THEM, BEFORE
THEY TAKE CARE OF THEMSELVES. MORNINGS AT CHURCHILL DOWNS
BEGIN BEFORE SUNRISE.>>OUR JOB IS TO GET ON THE
HORSE, GET THEM TO THE TRACK,
AND TRY TO GET AROUND AS BEST WE
CAN. ♪
UNDER BE WEEKEND AT CHURCHILL
DOWNS, EMPLOYMENT AT THE TRACK
JUMPS FROM 300 TO 10,000. AND MANY OF THOSE EMPLOYEES CAN
BE FOUND HERE. THAT’S FERRIER, GROOMERS, AND
TRAINERS.>>IT’S A TOUGH LIVING, BUT IT
COULD BE A GOOD LIVING.>>KEENELAND HAS FLUCTUATING
EMPLOYMENT AS WELL, YOUR ROUND
THE TRACK HAS 200 20 BOYS, BUT
DURING SALES ADJUSTED 1500S.>>THE THOROUGHBRED BUSINESS
ALONE CREATES AND I’M BLITZ —
UNBELIEVABLE NUMBER OF JOBS. MOST WILL MAKE A LIVING WITH
HORSES ARE RELYING ON THE
THOUSANDS OF WORKERS INDIRECTLY
RELATED TO THE INDUSTRY.>>WITHOUT THOROUGHBRED RACING,
IT WOULD DEVASTATE THIS STATE.>>WE ARE TALKING ABOUT
THOUSANDS OF JOBS. 6% OF EMPLOYED KENTUCKIANS
HAVE A HAND THE THOROUGHBRED
INDUSTRY AND ACCORDING TO THE HP
PA THE INDUSTRY HAS CASH
RECEIPTS FOR $950 MILLION TO
SHOW FOR IT.>>WHEN PEOPLE SAY IT’S A
SIGNATURE INDUSTRY, THAT’S
ALMOST A THROWAWAY LINE. WITHOUT REALLY THINKING OF HOW
TRUE THAT REALLY IS. IT GIVES TO ME, AND MEASURABLE
RETURNS. TO THE MORE GLAMOROUS
TRACKSIDE, WAGERING AT
KENTUCKY’S TRACKS IS UP. ON TRACK BETTING ROSE TO
100.7 5 MILLION IN 2017. AND ACCORDING TO THE HORSE
RACING COMMISSION, OVERALL
RAGING — WAGERING REACHED $4
BILLION.>>ONE OF THE BIGGEST
MISCONCEPTIONS IS THAT WHEN
SOMEONE COMES TO THE RACE TRACK,
THEY SEE A COUPLE OF LONGSHOTS
COME IN AND THEY SAY WELL THE
TRACK IS MAKING LOTS OF MONEY.>>ASHE A SLAVE THAT FOR EVERY
DOLLAR SPENT, $.82 GO BACK TO
THE FAN.>>THAT $.18 GOES TO SEVERAL
DIFFERENT PLACES. WE’LL SEE ABOUT 7% OF THAT
DOLLAR THAT GOES BACK TO THE
RACETRACK AND THE HORSEMEN,
ABOUT THREE AND A HALF PERCENT
OF THAT GOES TO THE RACETRACK. AND NOT MONEY IS SPENT ON
FACILITIES AND THINGS OF THAT
NATURE. AND THE PART THAT GOES BACK TO
THE HORSEMEN, GOES TO PURSES. AND THOROUGHBRED PURSES ARE
GROWING TO MORE THAN 80 MILLION
IN 2017. THOSE PURSES HE SAYS, ARE VITAL
TO KEEPING HORSES RUNNING, WHICH
HELPS BUILD STAFF.>>THEY ARE A FEW PARTS — THERE
ARE FEW PARTS OF THE LOCAL
ECONOMY NOT TOUCHED IN SOME WAY. WE ARE 37,000 PEOPLE PAYING
MONEY TO COME AND DO HORSEMEN
TOURS. THAT’S A LOT OF PEOPLE. TOURISM BRINGS ABOUT $10
MILLION YEAR WITH HORSERACING IS
THE SIGNATURE DRAW. IN AN EFFORT TO STAY ON TOP,
CHURCHILL DOWNS IS ALWAYS
GROWING. I BELIEVE WHEN YOU LOOK OVER
THE ARC OF HISTORY OF THIS
RACETRACK, THERE HAS NEVER BEEN
A TIME OF GREATER AND MORE
SIGNIFICANT GROWTH IN THE CHIEF
— IN THE HISTORY OF CHURCHILL DOWN THAN THE. WE ARE IN. — THAN THE PERIOD WE ARE IN. HE SAYS HE LOOKS FORWARD TO
SEE WHAT IS COMING NEXT FOR
CHURCHILL AND RACING. ♪

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