The City’s bank account just got a little bigger

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The Ontario Lottery and Gaming Corporation (OLG) issued the third-quarter (October to December, 2015) non-tax gaming revenue payment of $357,669 to the City of Sault Ste. Marie for hosting OLG Casino Sault Ste. Marie. Since May 1999, Sault Ste. Marie has received more than $25.2 million in non-tax gaming revenue.

“Revenues generated from OLG gaming sites allow host municipalities to invest in local priorities such as building infrastructure and providing support to local community organizations,” said David Orazietti, MPP. “These funds also directly benefit the people of Ontario through vital public services like 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 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.