Ontario's Wagering Data Released
As part of Ontario Racing’s commitment to transparency and industry information sharing, Ontario Racing (OR) has collaborated with the Canadian Pari-Mutuel Agency (CPMA) to reconcile and provide a 10-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.
The full dataset is available here as a Microsoft Excel spreadsheet.
(with files from Ontario Racing)
According to OR, Ontario
According to OR, Ontario gamblers, gambling on Ontario product, is on the increase since the Alliance was formed, after wagering hit rock bottom in 2013? I guess a 1.01% increase in 3 years is still an increase, but I wouldn't be bragging about being on the upswing, when the numbers are 1.02% away from a new BOTTOM! Hardly a positive trend!