As we near the end of the 2020-21 fiscal year, Ontario Racing would like to take this opportunity to remind Ontario Racing Member Racetracks that Transition Payments, under the Long-Term Funding Agreement, will expire on March 31, 2021.
Member Racetracks receiving funding support will have their total allocation reduced by the Transition Payment amount after the stated date.
Details of specific allocations can be found in Schedule 5.6(A) of the
Funding Agreement
Ontario Racing encourages ongoing dialogue with our membership and know many tracks have questions about future funding support for purses and operational expenses. Work is continuing on determining total allocation amounts for each racetrack under the funding agreement for 2021-22 and beyond. We appreciate your patience and will update members on our progress when there is more information to share.
As part of its ongoing commitment to openness and transparency, Ontario Racing will continue to share industry information and consult with industry participants in the most comprehensive way.
For more information on Long-Term Funding, Funding Agreements, By-Laws and more, please visit:
Ontario Racing
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