ECONOMIC IMPACT STUDY – SARATOGA VISITOR DESTINATIONS – 2023

The Saratoga County Industrial Development Agency commissioned this economic impact study to analyze the far-reaching effects of Saratoga County’s major tourism drivers – Saratoga Race Course, Saratoga Performing Arts Center (SPAC), Saratoga Casino Hotel, and the Saratoga National Historical Park.

This study updates the economic data generated from prior studies reports in 2006, 2011 and 2015, which looked solely at the economic impact of Saratoga Race Course, and adds SPAC, the Casino, and the Battlefield.  Recognizing their significant contributions to Saratoga County’s economy, the IDA Board was supportive to include these cultural and heritage tourism institutions in this analysis.

2023 Economic Impact of Saratoga Visitor Destinations (Summary) – Prepared by Camoin Associates

2023 Economic Impact of Saratoga Visitor Destinations (Full Report) – Prepared by Camoin Associates

ECONOMIC IMPACT STUDY – SARATOGA RACE COURSE

The Saratoga County Industrial Development Agency various consultants to analyze the regional economic contribution of the Saratoga Race Course located in the City of Saratoga Springs, New York. This research endeavors to measure the economic impact of the Saratoga Race Course on the regional economy in terms of spending (i.e., economic output), earnings, and employment as well as fiscal impacts including income tax, sales tax, and property tax revenues. Economic benefits accruing to Saratoga County and the surrounding counties of Albany, Columbia, Greene, Montgomery, Rensselaer, Schenectady, Warren, and Washington are examined as part of these studies.