Fortune, an exercise rider, was injured as a result of a training accident on the main track around 7 a.m.
The former Alexandra School student was rushed to Etobicoke General Hospital with no vital signs, paramedics said.
“We are deeply saddened by the loss of one of our community this morning and our hearts and condolences go out to his family and friends,” said Jamie Martin, executive vice-president of racing for Woodbine Entertainment Group.
A statement from Woodbine noted that they are “offering every possible assistance” and that no horses were injured.
All scheduled races on Friday at Woodbine were cancelled.
Races will resume today with a small ceremony planned.
Members of the Alexandra School Alumni Association have been expressing condolences to Fortune’s family as a result of his untimely passing.