Keeneland revenue leaves its mark on Kentucky economy in new study

LEXINGTON, Ky. ( FOX 56 ) — A new study from the University of Louisville highlights the economic impact of Keeneland.

Researchers at the university’s Departments of Equine Administration and Economics said the track generated an estimated $1.6 billion each year for Fayette and surrounding counties.

Thoroughbred sales alone brought in around $1.2 billion annually, while the fall and spring races generated about $300 million.

The department said that beyond horse racing and sales, an additional $152,000 in spending in the Lexington area comes from Keeneland’s use as a destination wedding venue, corporate event space, fundraiser venue, or for other events year-round.

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The Keeneland Library also generated around $1.4 million in revenue, “among suppliers and other businesses,” according to the study.

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