The horse racing industry received an additional allotment of funding today designed to ensure the successful revitalization of the industry announced Rich Coleman Minister of Energy, Mines and Natural Gas and Minister Responsible for Gaming.

To support B.C.'s horse racing industry and to create stability in this important employment generator in the agricultural and entertainment industries, an increase in the percentage of on-track slot machine revenues from the BC Lottery Corporation gaming proceeds will be allocated directly to horse racing.

The funding increase will be effective for the 2013 racing season and is an increase to 25 per cent from the current 15.5 per cent. The total funding amount is estimated to be approximately $10 million and will go toward ensuring that purse amounts are commensurate with industry standards and providing support for the continued success of the industry.

Quick Facts:

• The horse racing industry has an estimated economic impact of $350 million and directly employs 3,600 people. More than 7,400 individuals derive an income from racing in full-time, part-time, and casual employment.
• The industry is the only form of gaming that generates business within the agricultural sector, making it economically important throughout the province.
• British Columbia has two racing tracks: Hastings Park and Fraser Downs.

Learn More at:

Gaming Policy and Enforcement Branch - Horse Racing: http://www.pssg.gov.bc.ca/gaming/horse-racing/index.htm

Contact:

Sandra Steilo
Media Relations
Ministry of Energy and Mines
250 952-0617