The Horsemen’s Benevolent and Protective Association (HBPA) and Woodbine Racetrack have reached a new two-year racing agreement that increases thoroughbred purses by $5.7 million. The deal includes a 128-day race meet from April 26 through Dec. 14, with total purses of $64.7 million in 2025 and $65 million in 2026. The agreement aims to address challenges such as equine welfare and competition by working together as an industry.
Woodbine CEO Michael Copeland expressed satisfaction with the agreement, emphasizing the need to support the racing community during challenging times. The purse increase was intended to help ease inflation for horsepeople, recognizing the financial constraints faced by the industry. While Woodbine would like to raise purses further, they must be prudent due to financial challenges, including lower-than-expected casino revenues and pressure on wagering numbers.
HBPA Ontario president Sue Leslie highlighted the importance of the agreement in providing stability for the industry and allowing members to plan for the upcoming season. While the purse increase was seen as positive, some members were hoping for more due to inflation and lack of previous increases. The negotiations were challenging due to the tough economy in Ontario and external factors affecting the industry, but both sides worked together respectfully to reach a mutually beneficial agreement.