Wednesday, May 27, 2026

Derby Deaths Expose Ugly Side of $400B Horse Racing Industry

  • The deaths of seven horses leading up to the Kentucky Derby has raised questions around the entire horse racing industry.
  • One trainer was suspended by Churchill Downs after two of his horses died.
A horse is washed on the track after a race on Derby Day on Saturday, May 6, 2023, at Churchill Downs in Louisville, Kentucky.
The Courier-Journal

In the wake of the Kentucky Derby, questions are swirling regarding the racing industry’s treatment of horses.

Seven horses died in the leadup to the Derby, while five others were sidelined due to veterinarian concerns. A fifth was disqualified after Derby owner Churchill Downs suspended trainer Saffie Joseph Jr. indefinitely due to the “unexplained sudden deaths” of two of his horses. 

“While each incident reported has been unique, it is important to note that there has been no discernible pattern detected in the injuries sustained,” Churchill Downs said in a statement. “Our track surfaces are closely monitored by industry experts to ensure their integrity.”

There have been few answers as to who to blame for the spate of deaths and injuries. 

The sport has faced issues around doping in recent years — most notably through the ban of trainer Bob Baffert, whose horses have won a record six Kentucky Derbies, seven Preakness Stakes, three Belmont Stakes, and three Kentucky Oaks.

Kentucky Derby ratings were down.

NBC’s Kentucky Derby Ratings Dip Below Last Year’s Mark

Most watched sporting event on TV since February’s Super Bowl.
May 8, 2023

The race, however, remains as popular as ever. Churchill Downs announced a crowd of 150,335 and a record betting handle of $288.7 million — though total racing handle slipped from $15 billion in 2002 to $12 billion last year. 

The number of registered thoroughbred foals has fallen by nearly half in that time, while the number of registered stallions has dropped to around a quarter of what it was 20 years ago.

However, the global horse racing market was estimated to be worth $402.3 billion, with projections to reach $793.9 billion by 2030.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Lawmakers Want Private Equity Out of Youth Sports

Several Democrats have proposed legislation to get PE out of youth sports.
Tottenham Hotspur

Tottenham Hotspur Is Facing a Billion-Dollar Disaster

A seemingly improbable drop to England’s second tier is a tangible possibility.
May 2, 2026; Boston, Massachusetts, USA; Philadelphia 76ers guard Tyrese Maxey (0) drives past Boston Celtics guard Jaylen Brown (7) during the first quarter of game seven of the first round of the 2026 NBA Playoffs at TD Garden.

First Round of NBA Playoffs Reaches 33-Year Viewership High

Game 7 of the 76ers-Celtics series averaged 11 million viewers.

Kentucky Derby Breaks Viewership Record with 19.6M

The Kentucky Derby is one of the most-watched U.S. sports events.

Featured Today

May 24, 2026; Evanston, IL, USA; Northwestern Wildcats attack Kathryn Ratanaproeksa (13) shoots against the North Carolina Tar Heels during the first half at Martin Stadium

Can Women’s Lacrosse Buck the Trend in College Sports?

The sport is fighting to prove its worth in the revenue-sharing era.
May 22, 2026

Big Money on the Line on Premier League’s Final Day

Arsenal has won the title, but millions are still at stake.
Texas State mascot
May 22, 2026

Mascot-Reveal Videos Are the Newest College Sports Tradition

Student mascot unmasking videos are going mega-viral.
Charlie Pliner and Nikolas Rohrmann
May 22, 2026

How 2 Brown Undergrads Became Sports Dealmakers

An experimental project turned into a permanent course and business deal network.
PWHL - OTT at BOS- April 30, 2026_11

PWHL Players Publish Every Salary in League

Only 10 players earned six figures, while two-thirds earned less than $60K.
May 14, 2026; Newtown Square, Pennsylvania, USA; Bryson DeChambeau reacts on the ninth green during the first round of the PGA Championship golf tournament at Aronimink Golf Club. Mandatory Credit: Bill Streicher-Imagn Images
May 26, 2026

DeChambeau ‘Optimistic’ About LIV Golf Amid Funding Uncertainty

DeChambeau missed the cut at the first two majors of 2026.
May 26, 2026

Everything PGA Tour Players Can—and Can’t—Do on Social Media

The new policy was officially rolled out to players last week.
Sponsored

The Hidden Economy of Race Weekend

Learn more about the Vintage Flying Museum and how Spectrum Business is helping them achieve their business goals while fueling their dreams.
May 25, 2026; Paris, France; Elina Svitolina of Ukraine at a change of ends with ice and an ice towel during her first round match against Anna Bondar of Hungary on day two at Stade Roland Garros.
May 25, 2026

French Open Heat Wave Expected to Continue for Rest of Week

Forecasts for Tuesday, Wednesday, and Thursday are heating up.
May 24, 2026

Jalen Duren’s All-NBA Nod Could Net Him $287 Million Deal

Duren was a first-time All-Star in 2026.
May 24, 2026

Felix Rosenqvist Wins Wild Indy 500 After Record 70 Lead Changes

There were 14 different leaders at various points in the race.
May 21, 2026

Fever Get Warning, No Fine Over Caitlin Clark Injury Report

A WNBA source confirmed that they were not fined.