OLG MAKES THIRD-QUARTER PAYMENTS TO GAMING SITE HOST COMMUNITIES
SAULT STE. MARIE, ON – Ontario Lottery and Gaming Corporation (OLG) has issued third-quarter (October 1 to December 31, 2019) non-tax gaming revenue payments totalling $31,254,134 to 25 communities which currently host gaming facilities.
To date, host communities have received more than $1.7 billion in non-tax gaming revenue.
“Host communities support important community programs and services and strengthen their local infrastructure with these gaming revenues,” said Rod Phillips, Ontario Minister of Finance. “OLG’s significant annual proceeds are invested in key government priorities across the province to the benefit of all Ontarians.”
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 2018-2019, this amounted to $2.47 billion.
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 more than $52 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.
All for Here – 100 per cent of OLG’s proceeds are invested in Ontario
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