Province provides more support for horse racing

Published on December 22, 2020
[HURON-BRUCE] — Huron-Bruce MPP Lisa Thompson is pleased to share that the Ontario government...


For immediate release:

NEWS                                                               December 22, 2020

 
Huron-Bruce MPP Lisa Thompson is pleased to share that the Ontario government is showing its support for the provincial horse racing industry by extending additional funding to racetracks by $3 million per year until 2026.

“I appreciate the significant impact this funding will generate. It is great news for our local racetrack in Clinton,” said Thompson.

She added, “in the spirit of ensuring stability and predictability, Monday’s announcement includes the development of a new three-year strategic business plan that will support a 15-track model”.

“I have always been a strong advocate for Ontario horse racing,” Thompson said. “We have an excellent in Clinton that is very popular. Like all racetracks, the Clinton Raceway provides good jobs, exciting entertainment, and is a very important part of the region’s economic development and local tourism.”

In April 2019, the Province created a Long Term Funding Agreement with Ontario Racing that was supported by all four parties. The deal provides stable financial support for racetracks, horse people and breeders over a 19-year period.

But, like many other sectors in Ontario, the horse racing industry has been significantly impacted by the pandemic, requiring a focus on stability and recovery.

Thompson said horse racing employs thousands of people across the province and is an important part of rural economies in Ontario. “Supporting the industry is crucial to ensuring its vitality for generations to come”.

Ontario Racing is a non-profit horseracing industry association. As the successor to the Ontario Horse Racing Industry Association, Ontario Racing is recognized by the provincial government as the authority for horseracing in Ontario.

Ontario Racing is responsible for setting an annual program of races, attracting new horse owners, implementing breed improvement programs, growing the fan base and connecting the industry with the government and general public.

Specifically, amendments to the LTFA include extending additional funding to racetracks by $3 million per year and ensuring the development of a new 3-year strategic business plan that will support a 15-track model.
 


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Media contact:
Jack Sullivan
Jack.sullivan@ontario.ca