City Gets its Share

0

SAULT STE. MARIE, ON – Ontario Lottery and Gaming Corporation (OLG) today issued a fourth-quarter (January to March, 2018) non-tax gaming revenue payment of $348,965 to the City of Sault Ste. Marie for hosting Gateway Casinos – Sault Ste. Marie.

Since May 1999, Sault Ste. Marie has received more than $28.4 million in non-tax gaming revenue.

“OLG provides host municipalities with significant revenues every year which help communities invest in local priorities and infrastructure projects,” said Charles Sousa, Minister of Finance. “These types of investments also stimulate job growth and promote economic development across the province.”

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 allocated $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 was $38 million.