OLG ‘proud’ of $21.1m Q4 payment to 28 communities

Image: Shutterstock

Ontario Lottery and Gaming Corporation (OLG) has issued $21.1m in total payments to 28 communities that host gaming facilities in the Canadian province.

The fourth quarter payments – derived from activity between January 1 to March 31 – are based on a formula consistently applied across all gaming sites in Ontario, using a graduated scale of gaming revenue at the hosted site.

As part of its commitment to Ontario, OLG reinvests 100% of its profits into the province, which contributes to its economic development and infrastructure, as well as creating jobs in the process.

During the fiscal year 2021-22, host communities have now received $82.9m in non-tax gaming revenue.

“Municipality Contribution Agreements are an important source of funding for municipalities, and help deliver critical services that the people of Ontario enjoy,” commented Peter Bethlenfalvy, Ontario’s Minister of Finance.

“Land-based casinos create good, local jobs and play an important role in supporting our economy, and the government will always support a strong and vibrant gaming sector in Ontario.”

Public health restrictions continued to affect Ontario gaming sites in the fourth quarter, with closures for a period of 26 days impacting on gaming revenues and payments to host municipalities. All remaining public health restrictions were lifted as of March 21.

Service providers have invested an estimated $1.8bn in private sector capital development across the province.