$14.6bn
$XXX.Xm
191k
151k
$X.Xbn
Racing and individual sports have been significantly disrupted in the last few years. Despite a vast rise in media exposure and high demand from die-hard sports fans, growing popularity hasn’t been enough to offset losses because of the pandemic. In 2020, because of the outbreak of COVID-19, many events were cancelled to maintain social distancing, causing a drop in revenue. Driven by these volatile economic conditions, revenue has been contracting at a CAGR of 2.6% to $14.6 billion over the last five years, including a rise of 0.5% in 2024.
Industry revenue has declined at a CAGR of 2.6 % over the past five years, to reach an estimated $14.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Churchill Downs Inc. | 641.5 | 0.0 | 0.0 |
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Industry revenue is measured across several distinct product and services lines, including Advertising and endorsement contracts, Coaching, athletic instruction and training services and Event broadcasting and other media licensing. Advertising and endorsement contracts is the largest segment of the Racing & Individual Sports in the US.
Larger betting propensity fuels growth within gambling collections
This industry consists of professional and semiprofessional athletes that participate in live sporting events before a paying audience. Individual athletes, automobile racing teams, racetrack operators, referees and officiating crew, athletic trainers and owners of various automobile, equestrian and greyhound racing teams are included in the industry. Owners and sporting clubs may or may not operate their own stadiums to present their sporting events.
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NAICS 711212 - Racing & Individual Sports in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Economic volatility negatively affected industry growth. Dampened consumer confidence and limited discretionary spending from consumers caused the industry to suffer during t...
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Increased push toward online space strengthens client outreach. By investing more in online tools for gambling and sports viewership, the industry can connect more efficientl...
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Regions with higher population density boost industry presence. In areas with metropolitan hubs and large-scale consumer presence, the industry will have a larger target audi...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Emphasis on athlete earnings strengthens internal competition. High reliance on athlete endorsements and sponsorships creates a competitive landscape within the industry to s...
Learn about the performance of the top companies in the industry.
Only one major company owns more than a 5.0% share of the market. For Churchill Downs Inc., an advantageous position in the sport of horse racing ensures it remains in steady...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Elevated levels of advertising expenditure boosts industry recovery. As the COVID-19 pandemic affected in-person sporting events, alternative forms of viewership boosts new r...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Decline in sports viewership during the pandemic dampened industry profit. Many consumers were forced to cut back on sports consumption during the pandemic, resulting in lowe...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Racing & Individual Sports in the US industry in United States is $14.6bn in 2024.
There are 151k businesses in the Racing & Individual Sports in the US industry in United States, which has declined at a CAGR of 3.2 % between 2019 and 2024.
The market size of the Racing & Individual Sports in the US industry in United States has been declining at a CAGR of 2.6 % between 2019 and 2024.
Over the next five years, the Racing & Individual Sports in the US industry in United States is expected to grow.
The biggest company operating in the Racing & Individual Sports market in United States is Churchill Downs Inc.
Advertising and endorsement contracts and Coaching, athletic instruction and training services are part of the Racing & Individual Sports in the US industry.
The company holding the most market share in United States is Churchill Downs Inc..
The level of competition is high and increasing in the Racing & Individual Sports in the US industry in United States.