OLG MAKES FOURTH-QUARTER PAYMENTS TO GAMING SITE HOST COMMUNITIES
SAULT STE. MARIE, ON – Ontario Lottery and Gaming Corporation (OLG) today issued fourth-quarter (January to March, 2018) non-tax gaming revenue payments totalling $23,188,328 to 24 communities which currently host gaming facilities. To date, host communities have received more than $1.4 billion in non-tax gaming revenue.
“OLG provides host municipalities with significant revenues every year which help communities invest in local priorities and infrastructure projects,” said Charles Sousa, Minister of Finance. “These types of investments also stimulate job growth and promote economic development across the province.”
These payments are made under an equitable formula that determines the funds communities receive for hosting a gaming facility and are based on a graduated scale of gaming revenue that is consistent across all sites in Ontario.
At approximately $2 billion annually, OLG provides the Ontario government with its largest source of non-tax revenue. Modernization will help OLG provide more money to Ontario for hospitals and other government priorities.
In fiscal 2017-2018, the province allocated $115 million in gaming revenue to support charities through the Ontario Trillium Foundation. Every year, the Government of Ontario allocates funding to the province’s problem gambling program for research, treatment and prevention. The amount for fiscal 2017-2018 was $38 million.
OLG is the Ontario government agency that delivers gaming entertainment in a socially responsible manner. OLG conducts and manages gaming facilities, the sale of province-wide lottery games, PlayOLG Internet gaming, the delivery of bingo and other electronic gaming products at Charitable Gaming Centres and is helping to build a more sustainable horse racing industry in Ontario. Since 1975, OLG has provided nearly $47 billion to the Province and the people of Ontario. These payments to the province support the operation of hospitals, amateur sport through the Quest for Gold program, local and provincial charities and problem gambling prevention, treatment and research.
All for Here – 100 per cent of OLG’s proceeds are invested in Ontario
Follow on Twitter @OLGtoday
Knowledge you can bet on.
Follow on Twitter @PlaySmartOLG
THE ONTARIO PROBLEM GAMBLING HELPLINE 1-888-230-3505
Disponible en français
OLG MEDIA RELATIONS