Horse racing plays a big role in the United Kingdom not only culturally but also economically, as the annual turnover from on course betting on horse races in Great Britain came to roughly 229 million British pounds, and from off course betting it amounted to approximately 4.7 billion British pounds. There are roughly 12,500 horses registered under the rules of racing in Great Britain, of which the great majority are thoroughbreds.
Most racehorse ownerships are registered as partnerships and sole owners. Around 60 percent of the roughly 10,000 races held annually are flat races, and the rest are classified as jump races. Of horses in training, roughly half are five years or older, and the other half four years or younger. The average amount of prize money per horse race tends to be slightly higher in flat races than in jump races.
Most racehorse ownerships are registered as partnerships and sole owners. Around 60 percent of the roughly 10,000 races held annually are flat races, and the rest are classified as jump races. Of horses in training, roughly half are five years or older, and the other half four years or younger. The average amount of prize money per horse race tends to be slightly higher in flat races than in jump races.
