City cashes in on Casino payment

0

The Ontario Lottery and Gaming Corporation (OLG) today issued a first-quarter (April to June, 2017) non-tax gaming revenue payment of $389,282 to the City of Sault Ste. Marie for hosting OLG Casino Sault Ste. Marie. Since May 1999, Sault Ste. Marie has received more than $27.3 million in non-tax gaming revenue.

“OLG gaming revenue provide essential funding to host communities which offers greater ability to invest in infrastructure projects as well as important local programs and services that benefit families,” said Charles Sousa, Ontario’s Minister of Finance. “These funds directly benefit Ontario’s critical public services such as health care and education, and local development.”

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 2017-2018, 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 2017-2018 is $38 million.