Originally Posted by
redietz
Correct me if I'm wrong on this, but whether you're at a small track or big track, owning elite or pedestrian horse, the cost is going to come in at between $2000 and $2500 a month per horse (not counting cost of the horse). That's not cheap, but if somebody's making six figures at their actual employment, and they have decent horses that'll bring in 1K a month, it's basically a 10K to 12K annual loss per horse, with tax benefits. So for an owner who writes off the expenses, the modal result would be an annual 7K or 8K loss per horse in the US.
That's a bit of a small money pit, but owning a Lamborghini or sending a kid to college or taking a family vacation in Europe can be way bigger money pits.