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OLG MAKES THIRD-QUARTER PAYMENTS TO GAMING SITE HOST MUNICIPALITIES
SAULT STE. MARIE – The Ontario Lottery and Gaming Corporation (OLG) today issued third-quarter (October to December 2015) non-tax gaming revenue payments totalling $24,898,286 to 22 municipalities which currently host OLG facilities. To date, host municipalities have received more than $1.2 billion in non-tax gaming revenue.
“OLG provides host municipalities with significant funds every year to help communities invest in local programs, services and infrastructure projects such as community centres which benefits families,” said Charles Sousa, Ontario’s Minister of Finance. “These funds directly support key public services like health care and education while strengthening the local economy.”
These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the fee 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 2015-2016, the province will allocate $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 2015-2016 is $38 million.
OLG is a provincial agency responsible for gaming facilities, the sale of province-wide lottery games, the PlayOLG Internet gaming website and the delivery of bingo and other electronic gaming products at Charitable Gaming Centres across the province. Since 1975, OLG has provided nearly $42 billion to the Province and the people of Ontario. OLG’s annual payments to the province have helped support the operation of hospitals; prevention, treatment and research of problem gambling; amateur sport through the Quest for Gold program; and local and provincial charities. OLG was a Premier Sponsor of the TORONTO 2015 Pan Am / Parapan Am Games.
All for Here - 100 per cent of OLG’s proceeds are invested in Ontario
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