OLG MAKES FOURTH-QUARTER PAYMENTS TO GAMING SITE HOST COMMUNITIES
SAULT STE. MARIE, ON – Ontario Lottery and Gaming Corporation (OLG) issued the fourth-quarter (January 1 to March 31, 2019) non-tax gaming revenue payments totalling $25,479,041 to 25 communities which currently host gaming facilities. To date, host communities have received more than $1.5 billion in non-tax gaming revenue. “OLG shares revenues with host municipalities to help them invest in local priorities, including community services and infrastructure,” said Vic Fedeli, Ontario’s Minister of Finance. “These payments are part of our government’s commitments to support municipalities and to protect what matters most – our critical services including our world-class health care and education systems.” 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. OLG provides the Ontario government with its largest source of non-tax revenue from Government Business Enterprises. In 2017-2018, this amounted to $2.49 billion.
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 $50 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.
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April 23, 2019