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An Economic Analysis of the Horse Racing Industry in Trinidad and Tobago

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The focus of this article is to conduct an economic analysis of the horse
racing industry in Trinidad and Tobago because its popularity has been
declining since the halcyon days of racing at the Queen’s Park Savannah.
Key trends are analysed in the breeding industry, including the annual
yearling sale, a critical bellwether for assessing its health. Additionally,
there is a comparison between the betting revenues of the Arima Race Club
and its direct competitors, the private betting shops. Purse structures and
registrations of key personnel (i.e. owners, trainers, and grooms) are
evaluated, and recommendations offered for the future development of the
“sport of kings” in Trinidad & Tobago.

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