The Ontario government has announced a long-term funding agreement for the horse racing industry that will provide up to $105 million a year, for 19 years, beginning in 2019. This agreement is aimed at strengthening and sustaining horse racing and breeding in Ontario. It will provide nearly two decades of stable funding to increase the vitality of the industry in the province.
The long-term funding agreement is the result of years of collaboration between our industry, OLG and the Ontario government. It incorporates feedback from the industry provided through consultations, letters and meetings with government partners. The result is a long-term plan that will benefit all racetracks, breeds and horsepeople in Ontario.
A renewed Ontario Racing, that is expanding to represent the interests of the whole industry, will oversee the allocation of the long-term funding. More information about the funding agreement will be shared through upcoming webinars and meetings; check back here regularly for details of when you can get involved.
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