1. Study Committee Preservation of the HOPE Scholarship Program

2. Alexander M. Waldrop President & CEO National Thoroughbred Racing Association 2

3. Membership includes: Racetracks Owners Breeders Trainers Horseplayers Affiliated horse racing and breeding associations 3

4. Advantages of Horse Racing Highly entertaining, social activity Labor intensive agri-business Passionate fan base – everybody loves horses Challenging intellectually Prestigious ownership opportunities Environmentally friendly Beneficial federal legislation - IHA 4

5. U.S. Horse Racing Metrics 50 million50 million fans 7 million7 million core fans who attend and wager regularly 60More than 60 Thoroughbred racetracks 90%Nearly 90% of all money wagered is bet remotely on televised races 1,000More than 1,000 off-track wagering sites $3 billionOnly U.S. sport to conduct legal online wagering, now a $3 billion market 5

6. Horseplayers National Handicapping Championship 52Average age 52 21%Highly educated (21% graduate degrees) $117,000Affluent (average income $117,000) Inclined to travel and wager Attracted to the intellectual challenge 6

7. Horse Racing Globally 60Global sport present in 60 countries 14%U.S. horse racing accounts for about 14% of global wagering U.S. a leader in race horse breeding worldwide 7

8. Horse Racing Big Events Triple Crown stronger than ever 392,193 –Attendance at the Triple Crown events was 392,193 (including record KYD and PREAK) $413 million –Handle on the Triple Crown was $413 million 46.9 million –NBC TV viewership for Triple Crown was 46.9 million Strong race meetings coast to coast –Keeneland –Saratoga –Del Mar 8

9. Horse Racing Big Events Breeders’ Cup World Championships –215 $26 million –2 days, 15 races, $26 million in purses –100,000+ –100,000+ attendees –Best horses, trainers, and owners from across the globe –Culmination of Thoroughbred racing’s season –Often decides Horse of the Year and other prestigious Eclipse Award categories 9

10. Horse Racing Big Events Breeders’ Cup 2013 Economic Impact $39.5 million –Total direct spending $39.5 million –Total economic impact $64.9 million$64.9 million in business sales, 532532 full-time equivalent jobs, and $25.9 million$25.9 million in labor income, including indirect and induced impacts $4.8 million$4.8 million in state and local taxes Source: Tourism Economics study of 2013 Santa Anita, CA event 10

11. Racing Industry Jobs Track employees Breeding farms Trainers Grooms/hot walkers/exercise riders Jockeys/Drivers Veterinarians Services and suppliers (e.g. farriers, feed) 11

12. Economic Impact of Horse Racing Industry $11 Billion $11 Billion Wagered Annually Nationwide $90 Billion $90 Billion worldwide 375,000 375,000 horse racing jobs nationally $37 billion $37 billion in economic activity $1.9 billion $1.9 billion generated in tax revenue 12

13. Economic Impact of Georgia Equine Industry ≈173K≈173K Georgia households own horses $868.7MMContributes $868.7MM to Georgia Economy 6th6th most valuable commodity in Georgia $413MMAll horses valued at $413MM 3.5%Roughly 3.5% of all Georgia commodities. Source: GA Agricultural Commodity Commission for Equine (2008) 13

14. Why Does Georgia Need Horse Racing? Georgia breeders and owners now raise their horses in Florida, South Carolina or Kentucky Georgia racing fans are visiting racetracks in Kentucky, Florida, Louisiana and elsewhere withoutAtlanta is the largest metropolitan area in the U.S. without a racetrack (NYC, Los Angeles, Chicago, Dallas, Philly, Houston, Washington, DC, Miami) All of these factors are costing Georgia jobs, tourism and related tax revenueAll of these factors are costing Georgia jobs, tourism and related tax revenue 14

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