Track Funding Details Released
The government of Ontario has signed agreements for transition funding with 12 racetracks for the 2013-2014 racing season.
According to the provincial government's website, the figures do not include financial details for two standardbred tracks that are currently racing: Dresden and Rideau Carleton Raceways. Quarter horse track Ajax Downs is also not on the list.
The release states that "this transition funding will help bridge the gap between revenue lost by the ending of the Slots-At-Racetrack Program and operating costs while the industry transitions," and that the province is "committed to working with the sector to develop a sustainable future for horse racing industry, guided by the report of the Horse Racing Industry Transition Panel."
|
Race Track
|
2013-2014
|
|---|---|
| Woodbine Entertainment Group, on behalf of Woodbine and Mohawk Racetracks |
$ 38,000,000
|
| Fort Erie |
$ 5,500,000
|
| Flamboro Downs |
$ 3,600,000
|
| Western Fair |
$ 3,250,000
|
| Grand River |
$ 1,269,500
|
| Georgian Downs |
$ 776,000
|
| Clinton |
$ 525,000
|
| Kawartha |
$ 460,000
|
| Hanover |
$ 450,000
|
| Hiawatha |
$ 440,000
|
| Sudbury |
$ 320,000
|