Sunday, April 19, 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

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.
exclusive

Here Comes Yet Another Racket Sport: Typti

Typti, a cross between tennis and pickleball, has big celebrity backing.

Featured Today

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.
Matthew Schaefer/Front Office Sports
April 10, 2026

Matthew Schaefer Has the Hockey World in His Thrall

The teenage Islanders defenseman cannon-balled into the NHL.
April 9, 2026

College Athletes Are Ignoring NCAA Gambling Bans

“We were going to bet regardless,” says one former D-I athlete.

LIV Golf Moves On to Trump D.C. Event After Rocky Week in Mexico

Jon Rahm won the $4 million first-place check at LIV Mexico City.
April 19, 2026

NFL Draft Shake-Up: 6 Teams Now With Multiple First-Round Picks

The Giants acquired the 10th pick from the Bengals over the weekend.
April 19, 2026

Caitlin Clark Prioritizes Health As WNBA Banks on Her Availability

The Indiana Fever star played in just 13 games last season.
Sponsored

From Gold Medalist to Business Founder

Allyson Felix on investing in women’s sports and what comes next for track & LA28.
Cincinnati Bengals quarterback Joe Flacco (16) heads for the locker room after the fourth quarter of the NFL Week 14 game between the Buffalo Bills and the Cincinnati Bengals at Highmark Stadium in Orchard Park, N.Y., on Sunday, Dec. 7, 2025. The Bills overcame a halftime deficit to win 39-34.
April 17, 2026

Joe Flacco Sounds Alarm on 18-Game Schedule

The veteran QB warns such expansion could hurt the playoffs.
Apr 15, 2026; Buffalo, New York, USA; Buffalo Sabres defenseman Bowen Byram (4) clears the puck from the goal with Dallas Stars left wing Adam Erne (73) in pursuit in the third period at KeyBank Center.
April 17, 2026

New-Look NHL Playoffs Set As League Rides Attendance Wave

This year’s playoff field includes several upstarts and fresh storylines.
[US, Mexico & Canada customers only] Feb 4, 2026; Riyadh, SAUDI ARABIA; Byeong Hun An in action during the first round of play at LIV Golf Riyadh at the Riyadh Golf Club.
April 17, 2026

LIV Golf CEO: League Looking for New Investors

Scott O’Neil admitted LIV will need to raise money moving forward.
April 16, 2026

Grand Slam Track’s Contentious Bankruptcy Is Over. Now What?

With bankruptcy over, Grand Slam is cleared to try a comeback.