New regulations have been established by the Norwegian Ministry of Food and Agriculture. They formalize the revenue share of the various national equestrian organizations from Norsk Rikstoto.
The new rules will formalize the distribution of profits to these bodies, with each organization receiving a percentage of the proceeds. This is in contrast to the earlier regulations, which gave the Ministry far greater control over how the profits were distributed.
The state-owned monopoly Norsk Rikstoto collects all legal parimutuel wagers on the vertical and oversees horse racing gambling in Norway. Profits from the company are shared with a number of Norwegian equestrian organizations in order to support this sport.
According to the new regulations, 82% of profits will be paid to the Norwegian Trotting Association. According to the Ministry, the grant will be used to support Norwegian harness racing, horse breeding, and keeping. This will be done through grants to racetracks and prizes for people working in the industry. It also supports voluntary activity and investments into training facilities.
According to the Ministry, Norwegian Gallop, the country’s horse-racing association, will receive 9.2% from the horse racing profits. The money will be used in the same way as the Norwegian Trotting Association by the horse racing authority, investing in infrastructure and people involved in the industry.
The Norwegian Horse Centre will receive the final 5.8% of the profits. This foundation promotes quality horse breeding and keeping. The Ministry stated that it would provide additional guidance to the organization on how to use the funds.
The Norwegian government declared in December that it would extend Norsk Rikstoto’s monopoly by another 10 years, making it one of the few European countries to have such a system.