What are the yearly costs of owning a racehorse?
Expect yearly costs to be from $12,000-$15,000. This would include training, shoeing, shipping, stall rent, and veterinary bills. Stakes payments would be an additional expense and would vary depending on the stakes schedule you decide on for your horse. Generally speaking, expect to spend around $3500 in stakes payments and starting fees; however, certain races could be considerably more or less. Stakes payments are primarily an expense for 2-year-old and 3-year-old horses.
