OLG makes Q2 gaming revenue payments to partners

The Crown corporation has now issued over $83m this fiscal year

Ontario Lottery and Gaming Corporation (OLG) has issued over $40m in Q2 to 29 communities that host gaming facilities.

Highlighting the news in a press release on the OLG website, the Crown corporation reported total payments of $40.33m for the period July 1 – September 30, bringing the total to $83.86m for the current fiscal year following Q1 payments of $43.53m.

As usual, OLG states that these payments to host communities are based on a formula consistently applied across all gaming sites in Ontario using a graduated scale of gaming revenue at the hosted site.

“OLG continues to be a proud partner in hosting gaming communities,” said Peter Bethlenfalvy, Minister of Finance.

“Municipality Contribution Agreement payments help these municipalities fund priorities such as community infrastructure, parks and recreation and local health care facilities, benefiting families and local residents.”

OLG’s press release did not divulge in the individual payments made to each facility, but many have been reported elsewhere.

For example, the city of Woodstock received a cheque for $433,958 from OLG for hosting Gateway Casino, as per Heart FM. Meanwhile, the city of Windsor received more than $2.3m according to a report by CKNX News Today.

Over the past eight years, casino service providers have invested more than $2bn in private sector capital across the province.

Since 1994, host communities have received more than $2bn in non-tax gaming revenue.

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