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. A press conference was held at Grand River Raceway Friday morning that announced the plan.
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 Corporationmodernization 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 Commissioninto 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.
"We know how important the horse racing industry is to communities all across Ontario. That's why our government has worked with industry and community representatives to develop a five-year plan that will build on the great traditions of horse racing in this province and attract a new generation of fans to the sport.” -- Kathleen Wynne, Premier and Minister of Agriculture and Food
"Integrating horse racing with OLG's modernization will help create a more sustainable industry going forward. OLG's experience in business, marketing and responsible gaming will provide additional benefits to the racing industry.” -- Charles Sousa, Minister of Finance
"The horse racing industry is vital to rural communities across Ontario. By investing and supporting this five-year plan, our government is protecting rural jobs and helping to build a strong, sustainable industry.” -- Jeff Leal, Minister of Rural Affairs
(Ontario Ministry of Agriculture and Food )