The following calculation of the potential economic impact of the Hampton Classic is made using multipliers which are generally accepted in the equine industry. These particular formulas were provided by Equine Episodes(c), 1212 Auburn Road, Locke, NY 13092.
PARTICIPANTS' ECONOMIC IMPACT:
NUMBER OF HORSES (1,400) X NUMBER OF PEOPLE PER HORSE (3)
TOTAL PEOPLE WITH HORSES (4,200) X DAYS ON GROUND (8)
PEOPLE AT THE HAMPTON CLASSIC (33,600) X TYPICAL PER DIEM COST ($200)
TOTAL PARTICIPANT IMPACT $6,720,000
Participant weekly spending in local community above and beyond per diem costs (i.e. shopping) @ $ 300 ~ $1,260,000
Audience spending on tickets, parking, programs, vendor items, gas, motels, restaurants, shopping based on 20,000 unique spectators during the week @$200 ~ $4,000,000