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OLG Makes Fourth-Quarter Payments to Gaming Site Host Communities

by pmnationtalk on April 21, 20178 Views

April 21, 2017

SAULT STE. MARIE, ON – The Ontario Lottery and Gaming Corporation (OLG) today issued fourth-quarter (January to March, 2017) non-tax gaming revenue payments totalling $23,338,464 to 24 communities which currently host OLG facilities. To date, host communities have received more than $1.33 billion in non-tax gaming revenue.

“Revenue from OLG gaming sites provide host communities more funding to support important local infrastructure and community programs,” said Charles Sousa, Ontario’s Minister of Finance. “These funds also help support other public services for people across the province like health care and education.”

These payments are made under an equitable formula that determines the funds communities 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 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 was $38 million.

OLG is the Ontario government agency that delivers gaming entertainment in a socially responsible manner. OLG conducts and manages gaming facilities, the sale of province-wide lottery games, PlayOLG Internet gaming, the delivery of bingo and other electronic gaming products at Charitable Gaming Centres and is helping to build a more sustainable horse racing industry in Ontario. Since 1975, OLG has provided nearly $44 billion to the Province and the people of Ontario. These payments to the province support the operation of hospitals, amateur sport through the Quest for Gold program, local and provincial charities and problem gambling prevention, treatment and research.

All for Here – 100 per cent of OLG’s proceeds are invested in Ontario
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