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$22 million for us

Tuesday, January 21, 2014   by: SooToday.com Staff

NEWS RELEASE

ONTARIO LOTTERY AND GAMING CORPORATION

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The Ontario Lottery and Gaming Corporation (OLG) has issued a third-quarter (October to December, 2013) non-tax gaming revenue payment of $313,779 to the City of Sault Ste. Marie for hosting OLG Casino Sault Ste. Marie.

To date, Sault Ste. Marie has received more than $22 million in non-tax gaming revenue.

“OLG gaming sites generate substantial revenues that benefit all Ontarians,” said MPP David Orazietti. “At the local level, host communities are able to improve programs and services with proceeds from gaming while additional revenues to the province sustain important public services like health care and education.”

These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the fee municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of slot machine revenue that is consistent across all sites in Ontario.

Under the agreement, municipalities receive:

  • 5.25% on the first $65 million of slot revenue
  • 3.0% on the next $135 million of slot revenue
  • 2.5% on the next $300 million of slot revenue
  • 0.5% on slot revenue above $500 million
  • 4.0% on table game revenue

OLG’s modernization will increase revenue for the province and create some 2,300 net new industry jobs and about 4,000 service sector jobs.

It will improve how lottery and gaming is delivered in Ontario and expand OLG’s approach to Responsible Gambling.

In 2013-2014, 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 2013-2014 is budgeted at $41 million.

OLG is a provincial agency responsible for province-wide lottery games and gaming facilities. Since 1975, OLG has provided nearly $38 billion to the Province and the people of Ontario. OLG’s annual payments to the Province have helped support health care; education, research, prevention and treatment of problem gambling; amateur sport through the QUEST FOR GOLD program; and local and provincial charities.

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Comments
12
Note: Comments that appear on the site are not the opinion of SooToday.com. If you see an abusive post, please click the link beside the post to report it.
itsme29 1/21/2014 2:58:28 PM Report

yet the temporary casino made out of a tent has become the permanent casino... the city has a large new source of income since the casino opened but did our taxes decrease? did our services increase? NO and NO



Just Curious 1/21/2014 3:00:24 PM Report

that kinda balances the amount of welfare that gets spent there over the course of the year. Wonder if they keep track of that??
HowAbooutSomeLogic 1/21/2014 3:01:10 PM Report

“OLG gaming sites generate substantial revenues that benefit all Ontarians,” said MPP David Orazietti. “At the local level, host communities are able to improve programs and services with proceeds from gaming while additional revenues to the province sustain important public services like health care and education.”

Spoken like a true politician! I love you, Dave, really do, but imo this casino is a net negative on the community. It MIGHT not be if there weren't so many bigger casinos within driving distance and the Americans came over here to gamble (and were forced to buy beer that costs three times as much lol) but I think it is more parasitic than anything.

It cost 419 MILLION (most of it coming from locals that would have spent a lot of it locally) to get that "22 MILLION for us"!
bruizzed 1/21/2014 3:40:09 PM Report

Would be nice if our casino woulddn't
soak you to death for a drink
and would pay out a little more

It's no wonder we go to the other casinos across the border

for darn sakes give a little back in the form of winnings ok



Slick Nick 1/21/2014 4:00:23 PM Report

lol, Just Curious :D
Tag33&1/3rd 1/21/2014 6:48:16 PM Report

Every other province you could buy tickets like 649 or max and proline
Online -- but we can't in ontario.

Also since we are supposed to have a head office here.---how come the most we could get in cash is $999 out of lottery wins? Anything over has to be mailed to Toronto or brought there.
Tag33&1/3rd 1/21/2014 6:50:48 PM Report

And Yes -- they should be able to afford free drinks! Other provinces they do!
damzull1 1/21/2014 7:41:20 PM Report

This is the asshole of the world nothing's free
I'm In 1/21/2014 10:33:00 PM Report

Ah yes $22 million for us after it destroyed families and broke bank accounts, do you really believe them when they say "know your limit stay with in it" pretty hard for a gambler to do.
Wisenheimer 1/21/2014 10:38:30 PM Report

The tightest slots on the continent.
The Black Jack dealer even gets the chance to push your 21.
Wasssup with that.
In Vegas they actually let you win once in a while and hope you spend money on a show or a meal. Our Casino just takes the money and says have a nice day.
Tag33&1/3rd 1/22/2014 12:06:37 AM Report

TRUE im'in and wisem!!!!
Y.B.P.C. 1/22/2014 8:22:54 PM Report

Where does everyone think the casino revenue comes from? Wealthy tourists - yeah right. The revenue is made mostly from the down and out members of society who are already hooked on some form of social assistance. Shut it down!
Comments
12
Note: Comments that appear on the site are not the opinion of SooToday.com. If you see an abusive post, please click the link beside the post to report it.
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