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Last updated on Tuesday, November 22, 2011
(UNDATED) - A new Purdue University study has put a price tag on Indiana’s horse industry, finding that it generates more than $2 billion a year for the state’s economy.
The study found that horse racing generates most of the revenue. But also showed that people who enjoy riding and other horse-related activities comprise the industry's largest segment.
This is the first study of the full spectrum of Indiana's equine entrepreneurship. Those horse-related businesses include breeding, boarding, riding lessons, veterinary care, feed and tack supply outlets.
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