Tools commonly used in the Race Books (Retail) industry for day-to-day tasks and operations.

• Racing Form
• Handicapping Software
• Betting Calculator
• Odds Board
• Racing News Websites
• Racing Statistics Databases
• Racing Videos and DVDs
• Racing Magazines
• Racing Podcasts
• Racing Books

Common products and services typical of NAICS Code 459210-11, illustrating the main business activities and contributions to the market.

• Horse Racing Books
• Greyhound Racing Books
• Harness Racing Books
• Betting Strategy Books
• Handicapping Technique Books
• Racing History Books
• Racing Almanacs
• Racing Journals
• Racing Yearbooks
• Racing Biographies

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Occupational License: A license that is required by the state to operate a business. The requirements for obtaining an occupational license vary by state. The license is issued by the state government.
• Sales Tax Permit: A permit that allows a business to collect sales tax from customers. The requirements for obtaining a sales tax permit vary by state. The permit is issued by the state government.
• Federal Employer Identification Number (EIN): A unique nine-digit number assigned by the Internal Revenue Service (IRS) to businesses for tax purposes. The EIN is used to identify a business for tax purposes.
• Occupational Safety and Health Administration (OSHA) Certification: A certification that demonstrates a business's compliance with OSHA regulations. The certification is issued by OSHA.
• National Thoroughbred Racing Association (NTRA) Safety and Integrity Alliance Accreditation: An accreditation that demonstrates a business's commitment to safety and integrity in horse racing. The accreditation is issued by the NTRA.

A concise historical narrative of NAICS Code 459210-11 covering global milestones and recent developments within the United States.

• The history of the "Race Books (Retail)" industry dates back to the early 20th century when horse racing became a popular sport in the United States. The first race book was established in the 1930s in Nevada, where gambling was legalized. The industry grew rapidly in the following decades, and by the 1960s, race books were a common sight in many states. In the 1970s, the industry faced a significant challenge when off-track betting was introduced, which allowed bettors to place bets on horse races without being present at the track. However, the industry adapted to the new technology and continued to grow. In recent years, the industry has faced competition from online betting platforms, but it remains a popular form of entertainment for many horse racing enthusiasts. In the United States, the "Race Books (Retail)" industry has a rich history that dates back to the early 20th century. The industry grew rapidly in the 1930s and 1940s, with the establishment of race books in Nevada. In the following decades, the industry expanded to other states, and by the 1960s, race books were a common sight in many parts of the country. In the 1970s, the industry faced a significant challenge when off-track betting was introduced, which allowed bettors to place bets on horse races without being present at the track. However, the industry adapted to the new technology and continued to grow. In recent years, the industry has faced competition from online betting platforms, but it remains a popular form of entertainment for many horse racing enthusiasts.

The anticipated future trajectory of the NAICS 459210-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Race Books (Retail) industry in the USA is positive due to the increasing popularity of horse racing and sports betting. The industry is expected to grow as more states legalize sports betting and online gambling. The COVID-19 pandemic has also accelerated the shift towards online betting, which is expected to continue even after the pandemic. However, the industry may face challenges from increased competition and changing consumer preferences. Overall, the industry is expected to experience steady growth in the coming years.

Recent groundbreaking advancements and milestones in the Race Books (Retail) industry, reflecting notable innovations that have reshaped its landscape.

• Mobile Betting Apps: Many race books have developed mobile apps that allow customers to place bets from their smartphones, making it more convenient and accessible.
• Live Streaming: Some race books offer live streaming of horse races, allowing customers to watch the races and place bets in real-time.
• Virtual Reality: A few race books have experimented with virtual reality technology to create immersive betting experiences for customers.
• Cashless Betting: Some race books have implemented cashless betting systems, allowing customers to place bets using credit or debit cards instead of cash.
• Social Media Promotions: Many race books have started using social media platforms to promote their services and offer special promotions to customers.
• Partnership with Sports Teams: Some race books have partnered with sports teams to offer exclusive betting options and promotions to fans.
• Artificial Intelligence: A few race books have started using artificial intelligence to analyze data and provide more accurate odds and predictions.
• In-Person Events: Some race books have started hosting in-person events, such as watch parties and betting tournaments, to attract customers and create a sense of community.
• Cryptocurrency Betting: A few race books have started accepting cryptocurrency as a form of payment for bets.
• Personalized Betting: Some race books have started offering personalized betting options based on customers' betting history and preferences.