Betting on historical horse racing could make up lost revenue
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Allowing betting on past races is one suggestion from a panel looking into how the province’s horse racing industry can make up for lost slot machine revenue. Historical horse racing involves betting through an electronic terminal on the outcome of past races, which are not identified to the player.The slots at racetracks program accounted for 64 per cent of the annual income for the horse racing sector and more than 60 per cent of purse money. Critics accuse the Liberal government of putting 55,000 jobs in the horse racing sector at risk as it cuts spending to trim the province’s 14 billion dollar deficit.
