The current number of horses in the United States stands at 7.2 million. Texas, California, and Florida continue to have the highest equine populations. | Photo: iStock

The study revealed that the U.S. equine industry generates approximately $122 billion in total economic impact, an increase from $102 billion in the 2005 Economic Impact Study.

The industry also provides a total employment impact of 1.74 million, and generates $79 billion in total salaries, wages, and benefits.

The current number of horses in the United States stands at 7.2 million. Texas, California, and Florida continue to have the highest equine populations