Hosting a casino pays off for the Sault - again

NEWS RELEASE
OLG
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Ontario Lottery and Gaming Corporation (OLG) issued a fourth-quarter (Jan. 1 to March 31, 2019) non-tax gaming revenue payment on Thursday, April 18, 2019 for $352,199 to the City of Sault Ste. Marie for hosting Gateway Casinos – Sault Ste. Marie.

During OLG’s fiscal year (April 1, 2018 to March 31, 2019), Sault Ste. Marie received $1,493,571.

Since May 1999, Sault Ste. Marie has received more than $29.9 million in non-tax gaming revenue.

“OLG shares revenues with host municipalities to help them invest in local priorities, including community services and infrastructure,” said Ross Romano, MPP for Sault Ste. Marie. “These payments are part of our government’s commitments to support municipalities and to protect what matters most – our critical services including our world-class health care and education systems.”

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 2017-2018, this amounted to $2.49 billion.

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