Canterbury Park and the Leech Lake Bank of Ojibwe announced Wednesday morning that they have reached an agreement to simulcast horse racing at the tribe's casino in Walker, Minn.

The agreement requires the approval of the National Indian Gaming Commission and the Minnesota Racing Commission.

Part of the five-year agreement will use revenue from the northern Minnesota simulcasts to increase live racing purses at Canterbury. Northern Lights Casino would be the first off-track racing venue in Minnesota if approval is granted.

In a prepared statement, Leech Lake chairwoman Carri Jones said: "There is significant interest in live horse racing in Northern Minnesota, so we see a great opportunity to meet customer demand and continue to support our mission of community development."

The Minnesota Legislature approved a bill in 2012 allowing state tribes that have casinos to offer simulcasting from Canterbury and other tracks, according to the release.