OLG makes third-quarter payment to city

2
City hall

Ontario Lottery and Gaming Corporation (OLG) issued a third-quarter (October to December, 2017) non-tax gaming revenue payment of $346,055 to the City of Sault Ste. Marie for hosting Gateway Casinos – Sault Ste. Marie.

Since May 1999, Sault Ste. Marie has received more than $28.1 million in non-tax gaming revenue.

“OLG’s host fees provide municipalities with important funds to enable investments in their communities,” said Charles Sousa, Ontario’s Minister of Finance. “People all across Ontario benefit from OLG revenues that support broader public services including 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 a gaming facility and are based on a graduated 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.

OLG is the Ontario government agency that delivers gaming entertainment in a socially responsible manner. OLG conducts and maes gaming facilities, the sale of province-wide lottery games, PlayOLG Internet gaming, the delivery of bingo and other electronic gaming products at Charitable Gaming Centres and is helping to build a more sustainable horse racing industry in Ontario. Since 1975, OLG has provided nearly $47 billion to the Province and the people of Ontario. These payments to the province support the operation of hospitals, amateur sport through the Quest for Gold program, local and provincial charities and problem gambling prevention, treatment and research.

All for Here

100 per cent of OLG’s proceeds are invested in Ontario
OLG.ca Follow on Twitter @OLGtoday

PlaySmart.ca Knowledge you can bet on.  Follow on Twitter @PlaySmartOLG

THE ONTARIO PROBLEM GAMBLING HELPLINE 1-888-230-35

OLG News Release

2 COMMENTS

Comments are closed.