Purse budgets are set for a 12-month period starting April 1 through March 31 of the following year to align with the Funding Agreement for Live Horse Racing, which renews annually on April 1.
The table below details the gross purse available at each racetrack for the current fiscal year (FY) and is updated regularly with the purses distributed to date and the amount remaining in each racetrack’s purse budget.
Purses are funded through elements of the Funding Agreement, including the Base Purse Payment, Ontario Racing Purse Enhancements and Transition Payments, all allocated by type of racetrack ( Signature or Premier) and number of race dates.
Also included are carryover funds from the previous fiscal year, which includes purses from cancelled race cards. For the current fiscal year, the carryover funds for some racetracks also include purses from race dates lost due to COVID-19 closures and unused relief funds.
For more information about the Funding Agreement click here.
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TOTAL ANNUAL PURSES BY FUNDING CATEGORY — FISCAL YEAR 2024 |
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| Racetrack |
Base Purse Payment |
Purse Enhancement |
FY2023 Carryover |
Racetrack Top-Up |
HIP Funds |
Paid to Date FY2024 |
Balance Remaining |
| Fort Erie Race Track (S) |
$3,500,000 |
$293,700 |
$488,671 |
$800,000 |
$1,104,000 |
$5,639,757 |
$546,614 |
| Woodbine Racetrack (P) |
$23,895,995 |
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$156,815 |
$38,164,005 |
$9,124,209 |
$71,713,590 |
($432,566) |
| TOTAL |
$27,335,995 |
$293,700 |
$645,486 |
$38,964,005 |
$10,228,209 |
$77,353,347 |
$114,048 |
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| S = Signature Racetrack; P = Premier Racetrack |
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Paid to Date = unaudited purse payments from April 1, 2023 to January 1, 2024.