Exhibit 23.2

Consent of Independent Auditors

We consent to the use of our report dated November 8, 1999, included in the
Registration Statement on Form S-1 (No. 333-94791) of Magna Entertainment Corp.
with respect to the consolidated financial statements of Magna Entertainment
Corp. as of December 31, 1998, July 31, 1998 and 1997 and for the five month
period ended December 31, 1998 and for each of the years in the three year
period ended July 31, 1998 and incorporated by reference in its Registration
Statement on Form S-8 pertaining to Magna Entertainment Corp. Long-Term
Incentive Plan.

We also consent to the use of our report dated June 11, 1999, included in the
Registration Statement on Form S-1 (No. 333-94791) of Magna Entertainment Corp.
with respect to the financial statements of Los Angeles Turf Club, Inc. as of
December 10, 1998 and December 31, 1997 and for the periods from January 1, 1998
through December 10, 1998, November 6, 1997 through December 31, 1997, January
1, 1997 through November 5, 1997 and for the year ended December 31, 1996 and
incorporated by reference in the Registration Statement on Form S-8 of Magna
Entertainment Corp. pertaining to Magna Entertainment Corp. Long-Term Incentive
Plan.

                                                 /s/ Ernst & Young LLP

                                                 ERNST YOUNG LLP
Los Angeles, California
March 14, 2000