The 2022 Breeders' Cup World Championships Keeneland According to the results published on March 17 from a study by the University of Louisville, an estimated economic impact of more than $ 81.8 million of more than $ 81.8 million achieved in Lexington and the surrounding areas.
The study that the economic professor Dr. Thomas E. Lambert carried out sea. The economic blow of the event in 2022 was 25.8% higher than the Breeders' Cup 2015 in Keeland, which had an economic impact on US dollars.
In addition to these mighty economic indicators, the Breeders' Breeders' World Championships from 2022, which took place in November 4th to 5th, achieved a record global bet of $ 189.1 million, the highest in the history of the Breeder 'Cup, 3.4% higher than the previous record of $ 182.9 million.
The economic advantages of the Breeder 'Cup quantified in this study include:
- $ 30.5 million in expenses on the route, including bets, concessions, parking, goods and much more. The effects on the track included 248 additional employees with a total number of more than $ 7.7 million.
- Expenditures for hotels, retailers, food and drinks, transport and off-track entertainment. The direct effects on these categories were estimated to be 370 jobs, whereby a wage and salary statement was estimated at more than $ 11.3 million.
- Investments for Keeneland in the amount of USD $ 10 million, with $ 7.5 million in labor and material costs, which are generated by the projects that raise the Lexington economy by an estimated $ 17.5 million.
- 900,000 US dollars in state and local tax revenue and 5.3 million US dollars in federal tax revenue secured.
“When the breeding cup comes into the city, Lexington has the opportunity to step into the international spotlight and to demonstrate why we are known as a horse capital of the world. Obviously we accommodate the best trace of the world, Keeland and the best thoroughbred,” said Lexington Mayor Linda Gorton. “However, the Breeders' Cup is much more than right -wing rights. The event has a significant economic influence that helps our hotels, our restaurants and our entire community.”
Register Bloodhorse Daily
“We are proud of the positive economic effects that the World Championships in 2022 had on the Lexington community of our hometown,” said Drew Fleming, President and CEO of the Breeders' Cup. “After we endured a global pandemic, we were devoted to our word and returned to Keeland only two years after the edition of 2020. With an understanding of the need that the World Cup would give local companies. Keeland and Lexington are closely connected to the history of our great sport, and it was wonderful to work with our highly committed community to organize an event that would benefit everyone.”
The fans grab the stands and the rails to see the Breededers' Cup races in Keeland
For the success of the last year of the Breeder 'Cup of the last year, Fleming especially recognized the President and CEO of Keeland, Shannon Arvin, the chairman of the KIP Cornett festival, the Visitlex Tourism Board and Gorton.
“(We) greet guests from all over the world to the world's horse capital and work with local companies to promote economic growth opportunities for the region and the members of the community,” said Fleming.
The buyers of Breeders' Cup Ticket drove from all 50 states and 18 different countries to Lexington, which contributed to a significant raise in traffic at Blue Grass Airport. The Breeders' Cup successfully promoted several non -profit initiatives throughout the week.
The fans gather in the stands to see how the races start on the first day of the World Cup of Breeders' Cup 2022 in Keeland
“The results of this study certainly show that Lexington fully covers the breeding cup,” said Arvin. “Breeders Cup and Keeland share the mission to carry out races at the highest level of quality, security and integrity and to contribute to our community. It was a pleasure for me to work again with Drew Fleming and the Breeder's Cup team, and we thank you, our industry partners and central Kentucky executives who have teamed up.
“Breeders' Cup 2022 was an excellent weekend with racing, hospitality and economic effects,” said Mary Quinn Ramer, President of Visitlex. “We know that there is no better place for championship races for championship races in Lexington, the horse capital of the world, and we welcome the decision of the Breeder 'Cup to bring the event to our city in 2022.”
Central Kentucky's companies surveyed stated that they saw the Breeders' Cup the advantages long after the event has expired. 41% stated that they agreed or agreed that customers later became regular customers during the breeding cup week.
The 2023 Breeders' Cup World Championships take place from November 3 to 4 Santa Anita Park in Arcadia, California.
This press release was edited by Bloodhorse Stab for content and style.
