As part of Ontario Racing’s commitment to transparency and industry information sharing, OR has collaborated with the CPMA to reconcile and provide a ten-year overview of Ontario related wagering – specifically wagering by Ontario customers, and wagering on Ontario product.
A positive indicator is that wagering has continued to recover since the April 1, 2014 inception of the Horse Racing Partnership Program, in large part due to the contributions of the Standardbred Alliance and Woodbine Thoroughbred. While there are many variables, including race dates, distribution channels and foreign exchange rates, it is clear that Ontario wagering is trending in a positive direction.
OR has also tabulated the gross revenues generated from the Pari-Mutuel Tax Reduction program, which allocates funds to industry initiatives and programs based on Ontario customer wagering.
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