City receives a payment of $358,386 from OLG for hosting Gateway Casinos

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City hall

Ontario Lottery and Gaming Corporation (OLG) has issued a third-quarter (October 1 to December 31, 2019) non-tax gaming revenue payment of $358,386 to the City of Sault Ste. Marie for hosting Gateway Casinos – Sault Ste. Marie.

Since May 1999, Sault Ste. Marie has received more than $31 million in non-tax gaming revenue.

“Host communities support important community programs and services and strengthen their local infrastructure with these gaming revenues,” said Ross Romano, MPP for Sault Ste. Marie. “OLG’s significant annual proceeds are invested in key government priorities across the province to the benefit of all Ontarians.”

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.

OLG provides the Ontario government with its largest source of non-tax revenue from Government Business Enterprises. In 2018-2019, this amounted to $2.47 billion.

1 COMMENT

  1. A drop in the bucket and not near enough to save this shrinking town from going bankrupt. Not hard to see why PUC bills and city business and property taxes and are so out to lunch. The assessments on most properties are far too high and they have been collecting taxes on these inflated values for far too long.

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