The Ontario Lottery and Gaming Corporation (OLG) today issued a second-quarter (July to September, 2014) non-tax gaming revenue payment of $360,540 to the City of Sault Ste. Marie for hosting OLG Casino Sault Ste. Marie. To date, Sault Ste. Marie has received more than $23.4 million in non-tax gaming revenue.
“OLG gaming sites generate substantial revenues to the benefit of their host communities and all Ontarians,” said MPP David Orazietti. “Our city is able to improve programs and infrastructure while additional revenues to the province are invested in important public services like health care and education.”
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 slot machine 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 2014-2015, 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 2014-2015 is $39 million.