# Horse Racing Manager

> ResidualPlay case file: an overlooked Steam game still earning residual revenue. Estimates carry a ±30-50% error range per title.

- Steam appid: 2740170
- Developer: Sheep Meadow Road Games
- Released: 2025 · Genre: Indie · List price: $24.99
- Deal grade: C (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $2.8k to $4.2k per month (mid $3.5k)
- Opportunity score: $3.5k/month at x1.00 dormancy multiplier
- Est. lifetime owners: 5.9k · Est. lifetime net revenue: $49.6k
- Review sentiment: 88% positive across 190 reviews (185 from Steam purchases)
- Review velocity: 16.7 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 0 months ago
- Last build shipped 0 months ago
- Last discounted 1 months ago, 5 sales in the last 12 months

## Where a gross dollar goes (monthly, at current velocity)

| Stage | USD/month |
|---|---|
| Gross storefront sales | $6.3k |
| After VAT / sales tax (-13% blended) | $5.5k |
| After refunds (-9.5% median) | $5.0k |
| Net to developer (after Steam 30%) | $3.5k |

## Monthly review counts, oldest to newest (10 months)

40, 18, 13, 15, 30, 20, 7, 11, 15, 17

## Missed seasonal-sale revenue (modeled)

Skipped 3 Steam seasonal sale window(s) in the last 10 months. Running a -50% discount in those windows is modeled at +$4.8k net in total, assuming a unit uplift of x3.0 (industry-typical for old catalog titles). Same ±30-50% error range applies.

## Markets by review language

- russian: 2%
- japanese: 2%
- spanish: 1%
- schinese: 5%
- brazilian: 1%
- french: 2%
- german: 2%
- english: 82%
- koreana: 3%

## Methodology

Units are estimated from Steam-purchase reviews times a release-cohort multiplier (Boxleiter method, 20-75x by year). Revenue uses an effective price (lifetime discounts and regional pricing) and nets out VAT (~13%), refunds (~9.5%) and Steam's 30% cut: roughly 55% of gross reaches the developer.

Source: https://residualplay.com/game/2740170
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.