January 11, 2005 (Toronto, ON) — The Canadian Olympic Committee (COC) supports today’s announcement by the Ontario government and Jim Watson, Minister of Health Promotion, to provide additional funding to Ontario high-performance athletes through a new lottery initiative.
The “Quest for Gold” lottery program, in conjunction with the Ontario Lottery & Gaming Corporation, is expected to generate $2.5 million in direct financial assistance towards Ontario athletes by the end of the government fiscal year in March 2006 in order to help them achieve better results nationally and internationally.
The lottery, created by the Ontario Lottery and Gaming Corporation, will immediately benefit approximately 1,300 high-performance amateur athletes. Athletes will be invited through their Provincial Sport Organizations to apply for program funds to help them cover living and training costs and post-secondary tuition support.
“The Canadian Olympic Committee is pleased to see that Minister Watson and the Ontario government are increasing their commitment to high-performance sport in this province,” said COC Chief Executive Officer, Chris Rudge. “Sport is an integral part of our culture and with the 2010 Olympic Winter Games coming to Vancouver we are hopeful that this funding will increase in the future in order to strengthen Canada’s depth of field and broaden the number of Canadian athletes competing internationally.”
More information on how the program will be administrated will be available in the upcoming weeks.Â
The Canadian Olympic Committee is a national, private, not-for-profit organization committed to sport excellence. It is responsible for all aspects of Canada’s involvement in the Olympic movement, including Canada’s participation in the Olympic and Pan American Games and a wide variety of programs that promote the Olympic Movement in Canada through cultural and educational means. For more information, see the COC website: www.olympic.ca.