Ontario's horse racing industry is set to receive up to $104.8 million annually in government funding.
What does the long term funding agreement mean for horse racing in Ontario?
Address: 34756 Granton Line, RR #1, Granton, Ontario N0M 1V0
- The agreement is intended to strengthen and sustain horse racing and breeding in Ontario.
- OLG will transfer up to $104.8 million dollars to Ontario Racing annually for 19 years starting on April 1, 2019
- Additional funding for the Racetrack Sustainability Innovation Fund and Horse Improvement Programs
- Racing Operations: $91.4 Million
- Capital Improvements*: $6 Million
- Purse Enhancements*: $4 Million
- Administration: $3.4 Million
*Grassroots and Signature only
What does the funding mean for race participants?
It means guarantees of purse payments, staking programs and coordinated race schedules for all OR member tracks.
What are the benefits for smaller tracks?
The Capital Improvements and Purse Enhancements monies are designated for Signature and Grassroots racetracks. The Racetrack Sustainability Innovation Fund is an additional $6 million investment over 3 years for regional tracks.
Will all of the $104.8 million go to race purses?
The majority of the funding is designated to race purses-a total of $95.4 million dollars between Racing Operations and Purse Enhancements.
Why does the government provide funding to this industry?
Supporting jobs in rural communities and strengthening local economies is part of the overall objective to keep Ontario strong.
Will any of the horse improvement programs (QHRIDP, SIP, TIP) be affected?
The industry-renowned HIPs will continue. Contact Ontario Racing for details.
Contact Ontario Racing for more information