GOVERNMENT ELIMINATES PARI-MUTUEL TAX ON HORSE RACING WAGERS

The provincial government is eliminating the pari-mutuel tax it collects on horse racing wagers effective March 31, 2013.

"Eliminating this tax will allow the province's horse racing industry to keep a larger portion of the revenues generated through wagers," Minister responsible for Saskatchewan Liquor and Gaming Authority Donna Harpauer said. "These additional revenues will benefit the tracks that hold live horse racing in the province."

The pari-mutuel tax is a 10 per cent tax that is collected from each wager placed on horse racing in the province. The tax is applied to wagers made at Saskatchewan tracks and through wagering on horse races conducted outside of Saskatchewan. Last year, $857,000 in pari-mutuel tax was collected.

"Our organization is pleased that the government has listened to our concerns by eliminating this tax," Saskatoon Prairieland Park Corporation CEO (operators of Marquis Downs) Mark Regier said. "Horse racing has been a fixture in Saskatoon for more than 40 years and the elimination of this tax creates a more positive business environment that will allow us to continue to provide exciting racing entertainment."

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For more information, contact:

David Morris
Saskatchewan Liquor and Gaming Authority
Regina
Phone: 306-787-1721

Mark Regier
Prairieland Park Corporation
Saskatoon
Phone: 306-931-7149