OLG is a proud supporter of horse racing in Ontario. The industry is vital to rural communities, providing jobs for thousands of people across the province. Working with the Ontario government, OLG is helping to build the foundation for industry-led success.
OLGâ€™s new Horse Racing division is supporting race tracks in Ontario by administering government funding for purses and operational costs. In 2016-17, OLG will distribute approximately $93 million of government funding to racetracks in Ontario to support close to 950 race dates.
In the 2016 Ontario Budget, the government announced a two-year extension to TPAs to provide support to the industry that is consistent with current levels until March 2021.The extension gives the industry confidence to make investments and business decisions for the coming years.
OLGâ€™s new Horse Racing division is:
- Creating effective stakeholder relationships to support the needs of the horse racing industry
- Ensuring efficient and effective management of funding through performance measurements
- Sharing expertise to help the industry adopt its own Responsible Gambling program
- Developing a strong brand and marketing strategy with the industry
OLG will continue to work with the industry to provide options to the government on a long term funding arrangement in order to make horse racing more sustainable in Ontario. Horse racing is an important part of our heritage. The ongoing collaboration between the Ontario government, OLG and the industry will help create a stable industry in Ontario for generations to come.
To learn more about horse racing in Ontario, please visit ontarioracing.com