Notices & UpdatesOntario Racing Announces 2018 SIP Program
Toronto, ON - The 2018 Standardbred Improvement Program (SIP), based on the recommendations of the industry representative Standardbred Advisory Group, has been approved by the Ontario Racing Board of Directors. The SIP program is one of the most successful of its kind in North America and our Ontario Sired and Ontario Bred Standardbreds compete and win against the best in the world.
The total 2018 program, which includes participation fees, is projected to be $15 million, with projected Ontario Sires Stakes (OSS) purses of $13.25 million and Ontario Bred Rewards totaling $1.13 million.
In addition to the $15 million program, Woodbine Entertainment Group will be voluntarily contributing $300,000 towards SIP to directly fund opportunities to increase horse supply (in addition to $300,000 towards the Thoroughbred Improvement Program).
2018 Standardbred Improvement Program Details
Since 2014, HIP Revenues have included approximately $26M in wagering levies from the Pari-Mutuel Tax Reduction (PMTR) as well as a top-up to bring each of the Standardbred and Thoroughbred Programs to the $15M level. However, due to a change in the funding mechanisms, HIP Revenues are currently limited to levies from the PMTR. Therefore, the 2018 Program has had to be adjusted to accommodate a funding decrease of approximately $2.5M per breed.
Since OSS purses were identified by the Advisory Group as a priority, the 2&3-year-old $2M Owners’ Bonus based on overnight earnings, which was in place for 2017, has been discontinued.
Gold and Grassroots purses and Starting Fees have been maintained at the same level as2017. However, the maximum SIP contribution has been adjusted due to the projected increase in horse supply. in 2018, especially the pacing supply.
Grassroots Semi-Finals have been added back into the Grassroots Program in place of the 6th Grassroots event. Purses for the Semi-Finals will be $20K with no Starting Fees required.
Ontario Bred Rewards on OSS earnings and Open Stakes earnings have been maintained at $1M and $130K respectively.
Two and three-year-old sustaining fees have been increased by $100 for the 2018 season. As well, mare enrolment fees for the Ontario Resident Mare Program have been increased by $50.
2018 Standardbred Improvement Program
REWARDS & BONUSES
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For more information on Ontario’s Horse Improvement Programs, visit www.ontarioracing.com and select “For Industry Insiders” and “Breeding Programs”. The Program Administrator may be contacted at (416) 213-1800. For more information on the Ontario Sires Stakes, contact the OSS Administrative Coordinator at (519) 369-3545 or email@example.com. For more information on the Ontario Resident Mare Program (Ontario Bred Rewards), email firstname.lastname@example.org or call (416) 477-5529. Ontario Racing is responsible for the administration of all non-regulatory functions of horse racing in Ontario.