The horse racing industry is a global business centered around the sport of racing horses. It includes various activities such as breeding, training, and racing horses, as well as organizing events and betting. Major racing events, like the Kentucky Derby and Royal Ascot, attract large audiences and significant media coverage. Betting is a crucial aspect of the industry, with many fans placing wagers on races. The industry also supports jobs in areas like veterinary care, training, and event management. Overall, the horse racing industry combines sport, entertainment, and economic activity, making it a vibrant part of many cultures.