OLG MAKES THIRD-QUARTER PAYMENT TO GAMING SITE HOST COMMUNITIES
SAULT STE. MARIE, ON – The Ontario Lottery and Gaming Corporation (OLG) today issued a third-quarter (October to December, 2016) non-tax gaming revenue payment of $26,732,737 to 23 communities which currently host OLG facilities. To date, host communities have received more than $1.31 billion in non-tax gaming revenue.
"OLG provides host communities with significant revenue each year that helps them invest in local priorities such as infrastructure, programs and services that benefit Ontario families,” said Charles Sousa, Ontario's Minister of Finance. “Along with supporting local development, these funds also benefit Ontario’s vital public services such as health care and education."
These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the funds municipalities receive for hosting an OLG gaming facility and are based on an escalating 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 2016-2017, the province has 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 2016-2017 is $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 leading the integration of horse racing into the provincial gaming strategy. Since 1975, OLG has provided nearly $44 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
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