We’re in peak Fall season here in Lexington, and perhaps more than even pumpkin spice and apple cider, that means Keeneland.
The University of Louisville’s Departments of Equine Administration and Economics has released details of a comprehensive study delving into Keeneland’s economic impact on Lexington and the metro area. It reveals that the track and it’s associated entities generates an estimated $1.6 billion for Fayette and surrounding counties each year.
Keeneland, the world’s largest Thoroughbred auction company, generates a whopping $1.16 billion locally through annual sales in September, November, January and April.
Keeneland’s spring and fall race meets attract visitors from all 50 states as well as outside the U.S., generating nearly $300 million annually for the Lexington metro area.
Keeneland’s year-round special events program, retail operations, tour program and Keeneland Library generate an additional $97.7 million to Lexington and surrounding counties. Additionally Keeneland generates nearly $40 million in local, state and federal income taxes.
The comprehensive study conducted by University of Louisville Economics Professor Dr. Thomas E. Lambert also enumerates the impact of Keeneland’s ongoing investment in new facilities including the construction of the new Paddock Building, which is scheduled to open in the Fall of 2025.
