711212 - Racetracks
When it comes to the dynamic world of racing entertainment, NAICS code 711212 plays a crucial role. Designated for Racetracks, this classification is essential for businesses involved in operating venues for various racing events, including horse racing, dog racing, and more. Whether you're a government contractor, business owner, or industry enthusiast, understanding this code’s scope and specifications can help you navigate opportunities within the arts and entertainment sector effectively.
What is NAICS Code 711212?
NAICS 711212 - Racetracks covers establishments primarily engaged in operating racetracks designed for horse racing, dog racing, and other types of racing events. These racetracks often provide also wagering and entertainment services, making them centers of sport, betting, and leisure activities.
Sector and Typical Business Activities
NAICS 711212 falls under the broader Sector 71 – Arts, Entertainment, and Recreation, which includes businesses focused on leisure and recreational activities. Businesses under this NAICS code typically include:
- Horse racetracks (Thoroughbred, Harness, etc.)
- Dog racetracks (Greyhound racing)
- Motor speedways (Automobile, Motorcycle, Stock car racing)
- Drag strips and snowmobile racetracks
- Facilities offering wagering and related entertainment tied to racing events
This sector is vital to regional tourism, entertainment economies, and local cultural traditions.
Size Standard
For business size standards, the SBA (Small Business Administration) sets the maximum size for eligibility under NAICS 711212 at:
$47 million dollars (annual receipts)
This determines qualification for small business programs, government contracting, and other economic development initiatives in the racetrack industry.
Examples of Businesses Under NAICS 711212
- Thoroughbred racetrack operators such as Churchill Downs or Saratoga Race Course
- Greyhound dog racetracks operating betting and racing events
- Motor speedways like NASCAR-sanctioned stock car racetracks or motorcycle racing circuits
- Regional drag strips hosting competitive drag racing events
- Snowmobile racetracks located in colder climates offering seasonal racing competitions
NAICS 711212 Code Details Table
| Code Type | Description |
|---|---|
| Automobile racetracks | Tracks hosting car racing events |
| Dog racetracks | Facilities for dog racing, including greyhounds |
| Drag strips | Drag racing tracks |
| Greyhound dog racetracks | Specifically for greyhound racing |
| Harness racetracks | Harness horse racing tracks |
| Horse racetracks | Tracks for horse races including thoroughbred |
| Motorcycle racetracks | Tracks dedicated to motorcycle racing |
| Racetracks (e.g., automobile, dog, horse) | General classification for racetrack operations |
| Snowmobile racetracks | Tracks where snowmobile racing events take place |
| Speedways | Oval or circular racing tracks |
| Stock car racetracks | Tracks designed for stock car racing |
| Thoroughbred racetracks | Tracks specifically for thoroughbred horse racing |
Frequently Asked Questions (FAQs)
What types of racing activities are included under NAICS 711212?
This NAICS code includes horse racing (thoroughbred and harness), dog racing (including greyhound), automobile racing, motorcycle racing, drag racing, snowmobile racing, and other speedway events.
Does the racetrack business need to offer wagering services to be classified under 711212?
No, wagering is not mandatory, but many racetrack establishments do provide betting and related entertainment services as part of their operations.
What is the importance of knowing the size standard of $47 million?
The size standard helps determine whether a business qualifies as a small business for government contracting and other federal programs, which can aid in obtaining contracts and funding.
Are drag strips and speedways covered under NAICS 711212?
Yes, drag strips, speedways, and various racetrack types for motor and animal racing are all included under this classification.
Conclusion
NAICS code 711212 is pivotal for businesses engaged in the management and operation of racetracks within the arts, entertainment, and recreation sector. Whether horse racing, dog racing, or motor sports, this classification helps define key market players and eligibility for federal programs. Understanding its scope and size standards enables better positioning within the industry for growth and contracting opportunities.
Keywords: NAICS 711212, Racetracks, Horse racing racetracks, Dog racing, Motor speedways, Arts and Entertainment sector, Small business size standards, Racing events industry, Racetrack businesses
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