Saturday, April 25, 2026
FOS Expands to TV More Details

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

2026 Kentucky Derby hopeful Litmus Test, ridden by Martin Garcia, works during morning training at Churchill Downs in Louisville, Kentucky. The Bob Baffert-trained horse is currently at No. 21 on the Kentucky Derby leaderboard. April 23, 2026

Churchill Downs Purchase of Preakness IP Is ‘Starting Point’

“I can’t imagine they bought this only for the fees in the long run.”
Jan 11, 2026; Philadelphia, PA, USA; Philadelphia Eagles running back Saquon Barkley (26) carries the ball defended by San Francisco 49ers linebacker Garret Wallow (49) and defensive end Keion White (56) during the third quarter in an NFC Wild Card Round game at Lincoln Financial Field.

​​FanDuel Parent Pins Betting Slowdown on Lackluster NFL Season

Flutter Entertainment eyes World Cup as key growth driver.

Welcome to the Prediction-Market Super Bowl

Hundreds of millions of dollars are being traded across many platforms.
Nov 4, 2023; Santa Anita, CA, USA; Auguste Rodin (5), with jockey Ryan Moore up, wins the BREEDERS CUP TURF during the 2023 Breeders Cup World Championships at Santa Anita Park.

Santa Anita Track, California in Legal War Over Betting Machines

The California DOJ seized gambling machines from Santa Anita.

Featured Today

INDIANAPOLIS, INDIANA - MARCH 25: Caitlin Clark of the Indiana Fever sits on the baseline and makes photographs during the Indiana Pacers game against the Los Angeles Lakers at Gainbridge Fieldhouse on March 25, 2026 in Indianapolis, Indiana.

Why Athletes Are Moonlighting As Sports Photographers

Athletes are swapping courtside seats for sideline cameras.
Quinnipiac women's varsity rugby
April 21, 2026

The Death of Quinnipiac Women’s Varsity Rugby

The sudden decision at Ilona Maher’s alma mater left players blindsided.
April 17, 2026

The Lawyer Steering the NIL Era

In the new era of college sports, Darren Heitner is everywhere.
blake griffin
April 14, 2026

Inside Blake Griffin’s Rookie Season at Prime Video

The six-time All-Star was initially hesitant to enter the media space.
Apr 23, 2026; Pittsburgh, PA, USA; Alabama Crimson Tide quarterback Ty Simpson is selected by the Los Angeles Rams as the number 13 pick during the 2026 NFL Draft at Acrisure Stadium. Mandatory Credit: Kirby Lee-Imagn Images

Rams’ Surprise Ty Simpson Selection Raises Questions

The Rams already have reigning MVP Matthew Stafford at quarterback.
Sep 25, 2025; Bethpage, New York, USA; Jim Furyk coaches on the eighteenth green during a practice round of the Ryder Cup golf tournament at Bethpage Black
April 24, 2026

Jim Furyk to Lead U.S. Ryder Cup Again After Tiger Woods Withdraws

Woods was considered the frontrunner before his DUI arrest in March.
Apr 23, 2026; Pittsburgh, PA, USA; Southern California Trojans receiver Makai Lemon is selected by the Philadelphia Eagles as the number 20 pick during the 2026 NFL Draft at Acrisure Stadium. Mandatory Credit: Kirby Lee-Imagn Images
April 24, 2026

Video Captures Makai Lemon’s Draft-Day Confusion as Eagles Jump Steelers

The Eagles jumped the Steelers in the draft via a trade.
Sponsored

Why Brandon Marshall Bet on Athlete-Owned Media

Brandon Marshall on athlete media, life after football, building I AM ATHLETE.
Aug 12, 2016; Rio de Janeiro, Brazil; Giorgio Avola (ITA) fences Miles Chamley-Watson (USA) during the men's team foil bronze medal match in the Rio 2016 Summer Olympic Games at Carioca Arena 3.
April 24, 2026

Can a Fencing Makeover Take the Sport Mainstream?

The WFL aims to bring fencing beyond a niche audience.
April 24, 2026

Pittsburgh Draws Record 320,000 for Draft’s First Round

Fans flocked to the Steel City and smashed the event’s prior record.
April 23, 2026

Rams Draft Ty Simpson at No. 13 Despite Stafford’s MVP Season

Matthew Stafford won the NFL MVP in 2025.
April 23, 2026

NFL Draft Brings Flurry of Trades: Eight Deals Among 11 Teams

Kansas City moved up to the No. 6 pick in a deal with the Browns.