The Norsk Rikstoto is a foundation that supervises parimutuel betting

Parimutuel betting

Parimutuel betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vig" is removed, and payoff odds are calculated by sharing the pool among all winning bets...

 on animal racing in Norway

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

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It was established on 24 September 1982 by the Norwegian Trotting Association and the Norwegian Jockey Club to run a totalizator

Tote board

A tote board is a large numeric or alphanumeric display used to convey information, typically at a race track or at a telethon .The term "tote board" comes from the colloquialism for totalizator , the name for the automated...

 game named V6. Norsk Tipping

Norsk Tipping

Norsk Tipping AS is the national lottery in Norway, located in Hamar. The company offers a wide range of lottery, sports and instant games in the Norwegian market. Norsk Tipping is owned by the Norwegian government and administered by Norwegian Ministry of Culture and Church Affairs...

 administered most such games until 1993, when Norsk Rikstoto took over. In 1996 the foundation received responsibility, financial and administrative, for all such games. It also runs the television channel Rikstoto Direkte

Rikstoto Direkte

Rikstoto Direkte is a Norwegian TV channel showing Norwegian and international horse races....

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Animal racing in Norway is limited to equine racing

Horse racing

Horse racing is an equestrian sport that has a long history. Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt. Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC...

; there are eleven tracks for harness racing

Harness racing

Harness racing is a form of horse racing in which the horses race at a specific gait . They usually pull a two-wheeled cart called a sulky, although racing under saddle is also conducted in Europe.-Breeds:...

 and one track, Øvrevoll Galoppbane

Øvrevoll Galoppbane

Øvrevoll Galoppbane is the only gallop racecourse in NorwayIt is located at Øvrevoll between Østerås , Jar and Eiksmarka in Bærum. It has both a turf track and an all-weather track. It was officially opened in 1932 by King Haakon VII and Queen Maud.The biggest event of the year is the Derby Day,...

, for gallop. The state provides a legal framework, but claims 3.7% of Norsk Rikstoto's gross annual turnover in fees.

Chairman of the board is Mattis Asplin, and CEO is Harald Dørum. The organizational headquarters are at Bjerke

Bjerke

Bjerke is a borough of the city of Oslo, Norway.The most densely populated residential areas are located along the Trondheimsveien, including the high-rise apartment blocks of Linderud. The shopping centre at Linderud is also home to the borough council's administration. The northern areas of the...

, Oslo

Oslo

Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

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