A panel says the Ontario government should allow horse racing tracks to provide other forms of gambling to offset the loss of $345 million a year in slot machine revenues.

The slots at racetracks program accounted for 64 per cent of the annual income and Ontario’s horse racing sector says the withdrawal of the slots puts the industry at risk.

The panel recommends the horse racing industry be allowed to offer such things as a racing-specific lottery or historical horse racing.

That would involve betting through an electronic terminal on the outcome of past races, which are not identified to the player.