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Horseracing Boom

yogibearbullyogibearbull
edited September 25 in Other Investing
Expected or unintended consequence of tax policy?

OBBB allows 100% depreciation (deduction) for racehorses as well as needed equipment, barns, etc. Deduction can be against any income. The horseracing industry has perked up.
Add that to online sports-betting that has taken off.
https://www.cnbc.com/2025/09/25/racehorse-keeneland-auction-breeding-racing-obbb-tax-breaks.html

Comments

  • WABACWABAC
    There's a lot of cash sloshing around out there.

    And betting! Look what it did for the NFL.

    IIRC, horse racing was the best attended sport in the country up to the middle of the last century.
  • a2z

    some conjecture that sports betting ventures are in trouble, because it turns out much user growth is from people just not that interested in sports...and see it as an incredibly stupid activity they have never enjoyed.

    so the trend for nihilistic gambling entertainment is moving to event marketplaces that have more viral\amusing topics.
    the culture war has been lost.
  • MrRufflesMrRuffles
    Some states (PA is one) subsidize the continuation of this dying industry under the rubric of saving jobs.
  • sfnative
    It's depressing to think that horse racing gets so much as a mention in the tax code. What a boondoggle.
  • WABACWABAC
    I always tried to see at least one horse race at the Sonoma County Fair when we lived near there. But I grew up with horses.

    Derby Day is always a good excuse to make a mint julep.
    What about the Preakness? Have you got anything good going there?
  • Derf
    The hats & dresses support another business & the gals wearing them, well ......!
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