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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