Arkansas has an approximate equine population of 160, 000. Sixty thousand households have horses. A combination of horse maintenance costs, capital investment, and support costs makes this a $3.5 billion industry. Recreation is the number one reason for horse ownership, with trail riding, weekend horse shows, and rodeo events the leading pastimes. Although there is a thoroughbred race track that contributes to the local economy seasonally through training facilities and on-site wagering, there are a number of thoroughbred breeding farms that operate year-round in the state.