OLG MAKES SECOND-QUARTER PAYMENTS TO GAMING SITE HOST COMMUNITIES
SAULT STE. MARIE, ON – Ontario Lottery and Gaming Corporation (OLG) today issued the second-quarter (July to September, 2018) non-tax gaming revenue payments totalling $36,985,656 to 24 communities which currently host gaming facilities. To date, host communities have received more than $1.5 billion in non-tax gaming revenue.
“OLG provides direct support to communities across Ontario through payments to municipal partners and local charities, and generates more than $4 billion in economic activity, including goods and services purchased from local businesses,” said Vic Fedeli, Ontario’s Minister of Finance.
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 more than $2 billion annually, OLG provides the Ontario government with its largest source of non-tax 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; PlayOLG 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 nearly $47 billion to the people and Province of Ontario to support key government priorities like health care; the treatment, prevention and research 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.
All for Here – 100 per cent of OLG’s proceeds are invested in Ontario
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October 25, 2018