OLG ISSUES THIRD QUARTER GAMING REVENUE PAYMENTS TO MUNICIPAL PARTNERS
SAULT STE. MARIE, ON – Ontario Lottery and Gaming Corporation (OLG) is pleased to make third quarter (October 1 to December 31) non-tax gaming revenue payments totaling $30,510,269 to 27 municipalities that host gaming facilities.
OLG makes payments to host communities under the Municipality Contribution Agreements, using a prescribed formula consistently applied across all sites in Ontario that is based on a graduated scale of gaming revenue at the hosted site or sites.
All gaming sites were opened throughout the third quarter with rigorous public health and workplace safety measures. Despite capacity restrictions being lifted on October 25, the continued spread of COVID-19 had an impact on gaming revenues.
“We are happy that host gaming municipalities received payments this past quarter through Municipality Contribution Agreements,” said Peter Bethlenfalvy, Minister of Finance. “Once public safety restrictions are lifted again, land-based casinos will continue to play a vital role in the economic recovery of our communities.”
As a result of new time-limited provincial health measures, gaming sites were temporarily closed to the public on Wednesday, January 5 at 12:01 a.m. This closure is expected to remain in effect until at least January 26, 2022. The health and safety of customers, employees and host gaming communities remains a priority for OLG and its service providers.
So far this fiscal year, host communities have received $61,843,722 in non-tax gaming revenue. Life to date, host communities have received almost $1.8 billion in non-tax gaming revenue.
OLG is a crown agency that develops world-class gaming entertainment for the Province of Ontario. 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 to build a more sustainable 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.
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