OLG pays $381,223 to the Sault

NEWS RELEASE

OLG

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The Ontario Lottery and Gaming Corporation (OLG) today issued a second-quarter (July to September, 2016) non-tax gaming revenue payment of $381,223 to the City of Sault Ste. Marie for hosting OLG Casino Sault Ste. Marie.

Since May 1999, Sault Ste. Marie has received more than $26.3 million in non-tax gaming revenue.

“Revenues from OLG gaming sites help host municipalities like Sault Ste. Marie invest in infrastructure projects and support important local initiatives,” said David Orazietti MPP. “This revenue also directly benefits all of Ontario, including our community, through funding for vital public services such as health care and education.”

These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the funds municipalities receive for hosting an OLG gaming facility and are based on an escalating 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 2016-2017, the province has 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 2016-2017 is $38 million.

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