The racehorse market - France

There are two categories of racehorses. Horses for gallop races, where thoroughbreds and AQPS (other than thoroughbreds) are distinguished, and trotting horses for eponymous races, where the horses must give their highest speed without galloping. The global market for racehorses is estimated at several tens of billions of dollars. This global sales figure is largely shared by a handful of countries. In Europe, the market is driven by France and Great Britain, in America by the USA and Canada, and in Asia by Japan and Hong Kong. Australia is also a major global player. The French racehorse market, valued at several billion euros, can be divided into 4 activities: breeding, trading, boarding, and the organization of races and associated betting. It is this last activity that generates most of the industry's sales. The horse betting business, which is largely dominated by the PMU (Pari Mutuel Urbain), is therefore of prime importance to the industry, especially as half of the levies on horse betting are paid back to the other players in the industry (the PMU and the PMU, for example). to other players in the industry (associations such as France Galop and Trot, which in turn distribute part of this money to breeders, owners, trainers, jockeys, etc.). As for the racehorse trade, where the flagship event in France is the Deauville auction, two major players concentrate most of the activity: ARQANA and Osarus.