Major Group SIC 7948 - Racing, Including Track Operation

SIC 7948 - Racing, Including Track Operation

SIC 79 - Amusement And Recreation Services
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 794 - Commercial Sports
  SIC 791 - Dance Studios, Schools, And Halls SIC 792 - Theatrical Producers (except Motion Picture), Bands, Orchestras SIC 793 - Bowling Centers SIC 794 - Commercial Sports SIC 799 - Miscellaneous Amusement And Recreation
  - SIC 7948 - Racing, Including Track Operation
    SIC 7941 - Professional Sports Clubs And Promoters SIC 7948 - Racing, Including Track Operation

Promoters and participants in racing activities, including racetrack operators, operators of racing stables, jockeys, racehorse trainers, and race car owners and operators.

Industry trends:

The racing industry, represented by NAICS 7948, is experiencing several qualitative trends influenced by technology, consumer preferences, and sustainability initiatives. There is a significant shift towards enhancing fan engagement through digital innovations such as augmented reality (AR) and virtual reality (VR) experiences, which offer immersive, interactive participation from remote locations. Additionally, tracks are leveraging data analytics for better decision-making in both operations and marketing, aiming to enhance customer experiences and operational efficiency.

Sustainability is another growing trend. Racing venues are implementing green initiatives such as solar panels, electric vehicle (EV) charging stations, and waste reduction programs to appeal to environmentally conscious consumers and comply with increasingly strict regulatory standards. Furthermore, the industry is seeing increased crossover events that integrate live music, food festivals, and family-friendly activities to attract a broader audience base.

In terms of forecasts, the near future is likely to see continued investment in technology to improve the fan experience, such as advanced mobile apps for real-time updates and betting. Additionally, as electric and hybrid vehicle racing gains traction, tracks will likely host more of these events to attract a younger, more environmentally conscious demographic. The trend towards diversification of events will also continue, helping to stabilize revenue streams against seasonality and economic fluctuations.

This industry is comprised of:

Dog racing

Dragstrip operation

Horses, race: training

Horses, racing of

Jockeys, horse racing

Motorcycle racing

Race car drivers and owners

Racetrack operation: e.g. horse, dog, auto

Racing stables, operation of

Speedway operation

Stock car racing

Training racehorses

Explore related industries:

SIC 0752 - Animal Specialty Services, Except Veterinary SIC 0971 - Hunting and Trapping, and Game Propagation SIC 8651 - Political Organizations

Buy the detailed report

This report includes the ability to segment your Industry by:

Region
Employees
Net Sales

Company Age
Total Assets
Ownership Type

Download sample reports

With iCFO You Get

What Is iCFO?

A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.

Sound Business Analysis

Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.

Your Business’ Health In Minutes

It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.