OLG ISSUES FIRST QUARTER GAMING REVENUE PAYMENTS TO MUNICIPAL PARTNERS
SAULT STE. MARIE, ON – Ontario Lottery and Gaming Corporation (OLG) is pleased to make first quarter (April 1 – June 30) payments totaling $42,414,746 to the 29 communities that host gaming facilities.
These payments to host communities are based on a formula in the Municipality Contribution Agreement that is consistently applied across all land-based casino sites in Ontario using a graduated scale of gaming revenue at the hosted site.
Since 1994, host communities have received more than $2.4 billion in non-tax gaming revenue.
OLG is proud to share proceeds of casino gaming with local communities, contributing to economic development including infrastructure and job creation. Payments to host communities are part of OLG’s commitment to Ontario, which includes reinvesting 100 per cent of OLG’s profits back into the province.
Over the past ten years, service providers have invested more than $3 billion in private sector capital investment across the province. These investments have led to the development and opening of seven new casinos, two large-scale resort developments and expansions, many gaming floor expansions and new non-gaming amenities.
OLG is a crown agency that contributes to a better Ontario by delivering great entertainment experiences for our customers. Acting in a socially responsible way, OLG conducts and manages land-based gaming facilities; the sale of province-wide lottery games; Internet gaming; and the delivery of bingo and other electronic gaming products at Charitable Gaming Centres. OLG is also helping support the horse racing industry in Ontario. OLG has been giving back to Ontario since 1975, generating approximately $64 billion for the people and the Province to support key government priorities like health care; the treatment and prevention of problem gambling; and support for amateur athletes. Each year profits from OLG's operations also support host communities, Ontario First Nations, lottery retailers and local charities across the province.
Play for Ontario – 100 per cent of OLG’s profits are invested in Ontario
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OLG is where gaming entertainment drives benefit beyond the game. As an Ontario Crown Agency, OLG offers casino, lottery, digital and charitable gaming to millions of players – with a commitment to safe and responsible play at the heart of everything it does. Since 1975, its operations have generated approximately $64 billion to fund key provincial priorities, while creating significant economic benefits for casino host communities, Ontario First Nations, lottery retailers, local charities and the horse racing sector.
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