Norway announces new distribution of Norsk Rikstoto profits
The Norwegian Ministry of Food and Agriculture have established new regulations, formalising the revenue share received by the different national equestrian organisations from Norsk Rikstoto.
Under the new rules, the profits distributed to these various bodies will be formalised, with each organisation receiving a set percentage of the proceeds. This differs from the repealed regulations in which the Ministry had far more discretion over where the profits were distributed.
Gambling on horse racing in Norway is supervised by the state-owned monopoly of Norsk Rikstoto, which collects all legal pari-mutuel bets on the vertical. The profits from this company are then shared among a variety of Norwegian equestrian organisations in order to support the sport.
Distribution of profits
The new regulations outline that the Norwegian Trotting Association, the national harness racing association, is to receive 82% of the profits. The Ministry says that the grant will be used in order to suppor..
