The True Cost of Raising a Racehorse - Richard Schibell Racing

Most people assume horse racing is  a business or hobby strictly reserved for the wealthy.  There is a common misconception it takes $20,000 or more each month to own a racehorse.  This figure is a gross exaggeration of the true cost of racehorse ownership.  It costs about $45,000 per year to keep a racehorse training operation running.  However, the total cost of raising a racehorse each year ultimately hinges on the trainer's desires and the location in which the training takes place.  Let's take a closer look at the numbers.

Read more:
http://richardschibellracing.com/the-true-cost-of-raising-a-racehorse

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