Ontario government to provide $10M per year for horse racing programs

A thoroughbred race horse and jockey make their way around the 1.6km track at Fort Erie Racetrack during early morning warm-ups. in Fort Erie, Ont, on July 21, 2018. THE CANADIAN PRESS IMAGES/Mark Spowart

INNISFIL, Ont. – Ontario has announced that $10 million per year will go to horse racing industry programs.

Finance Minister Vic Fedeli says the funding will support breeding and industry development for Ontario-bred horses and will be administered by Ontario Racing.

Fedeli says the investment through the Horse Improvement Program will help ensure the horse racing community can create and protect jobs.

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A long-term funding agreement was previously signed between the industry and the Ontario Lottery and Gaming Corp, providing up to $105 million per year for 19 years for racetrack operations and purse support.

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As well, the government has previously announced packages through the Optional Slots at Racetracks Program for operational funding for eligible racetracks that lost or were going to lose slot facilities.

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Kawartha Downs, Ajax Downs, and Hiawatha Horse Park elected to keep slots facilities, while Fort Erie Race Track and Dresden Raceway chose to receive additional money for horse racing operations.

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