- Provincial News
- October 11, 2013
Province Launches Five-Year Plan for Horse Racing Industry
Ontario Government Committed to Sustainable Future for Horse Racing
Ontario has released a five-year plan for a sustainable horse racing industry in the province based on the final Horse Racing Industry Transition Panel report.
The plan will strengthen the industry and support future growth by:
- Providing up to $400 million over five years to sustain a wide range of racing opportunities that are supported by strong business plans
- Integrating horse racing with Ontario Lottery and Gaming Corporation (OLG) modernization plan, which includes researching potential horse-themed lottery products and leveraging the corporation's business, marketing and responsible gambling expertise within the horse racing industry
- Restructuring the Ontario Racing Commission (ORC) into two divisions -- one that will continue its existing regulatory functions and a separate division that will distribute funding and work with the OLG on industry development to grow the racing fan base.
Strengthening and supporting the province's horse racing industry is part of the Ontario government's three-part economic plan to invest in people, invest in infrastructure and support a dynamic and innovative business climate.