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Industry Performance Results

Industry Performance Results

KEY PERFORMANCE RESULTS

OLG’s horse racing division is contributing to the efficient and effective management of funding through performance measurements.

To support this objective, OLG established a working group in early 2016 called the Performance Management Excellence Group (PMEG) that includes representation from:
* the Ontario Lottery & Gaming Corporation;
* the Ministry of Finance;
* the Ontario Ministry of Agriculture, Food and Rural Affairs;
* Ontario Racing; and
* the Alcohol and Gaming Commission of Ontario.

The PMEG is proud to release quarterly fiscal industry performance results using well-established key performance indicators. This effort is part of a broader integrated performance management system that provides up-to-date facts and information related to the horse racing sector in Ontario.

Ontario Horse Racing Industry Performance Results for the fourth quarter of 2017-18.

▪ Comparing the full Fiscal Year 2017-18 to 2016-17, gross wagering on Ontario races increased by 2.9%, driven by growth in the Thoroughbred handle originating from the United States.
 
▪ The volume of betting tickets sold live, at racetracks across Ontario, declined compared to the previous year (-1.7%), driven by decreases for Thoroughbreds (-2.6%), Standardbreds (-0.4%), and Quarter Horses (-1.1%). When normalizing for the number of races, the count of tickets per race increased by 1.7%.
 
▪ The Ontario horse racing industry continues to experience a horse supply shortage, as demonstrated by a reduced number of unique starters across all breeds relative to Fiscal Year 2016-17. Thoroughbreds and Standardbreds contributed to the bulk of this unfavorable variance.
 
▪ To minimize the impact resulting from a reduced horse supply, the number of races declined to maintain average field sizes to levels consistent with the previous year. These adjustments helped partially offset the horse shortage effect, with year-to-date average field sizes down for all breeds (-1.5%) but to a lesser extent than the number of unique starters (-4.3%).
 
▪ The number of Ontario yearlings sold went up by almost 18% with a notable lift in the average Ontario yearling sales price (5.8%), mainly driven by higher sales prices for Thoroughbred yearlings sold at auctions in Kentucky and New York.


Detailed Performance Results:

Quarter 1 (April 1, 2017 to June 30, 2017)
Quarter 2 (April 1, 2017 to September 30, 2017)

Quarter 3 (April 1, 2017 to December 31, 2017)

Quarter 4 (January 1, 2018 to March 31, 2018)

WAGERING DATA

As part of Ontario Racing’s commitment to transparency and industry information sharing, OR has provide a ten-year overview of Ontario related wagering – specifically wagering by Ontario customers, and wagering on Ontario product.