OLG ISSUES SECOND QUARTER GAMING REVENUE PAYMENTS TO MUNICIPAL PARTNERS
SAULT STE. MARIE, ON – Ontario Lottery and Gaming Corporation (OLG) is pleased to make second quarter (July 1 – September 30) payments totaling $38,113,757 to 28 communities that host gaming facilities.
So far, during OLG’s fiscal year (April 1, 2022 to March 31, 2023), these 28 communities have received $81,533,793.
These payments to host communities are based on a formula consistently applied across all gaming sites in Ontario using a graduated scale of gaming revenue at the hosted site.
“Revenue from OLG’s Municipality Contribution Agreements supports host communities so they can invest in programs and services that benefit everyone, from neighbourhood parks to local festivals,” said Peter Bethlenfalvy, Minister of Finance. “These payments help to improve the quality of life and make Ontario a vibrant and exciting place to live, work and play.”
OLG is proud to share proceeds of casino gaming with local communities, contributing to economic recovery, infrastructure development and job creation. Payments to host communities are part of OLG’s commitment to Ontario – 100 per cent of OLG’s profits are reinvested in the province.
Over the past seven years, service providers have invested an estimated $1.8 billion in private sector capital investment across the province. Since 2017, these investments have led to the development and opening of six new casinos, with one under construction, one planned development and additional gaming expansions.
Since 1994, host communities have received almost $1.9 billion in non-tax gaming revenue.
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. Since 1975, OLG has provided approximately $55 billion to the people and Province of Ontario to support key government priorities like health care; the treatment and prevention of problem gambling; and support for amateur athletes. Each year proceeds 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 proceeds are invested in Ontario
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