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OLG issues Q1 2023 revenue payments to municipal partners19 July 2023(PRESS RELEASE) -- Ontario Lottery and Gaming Corporation is pleased to make first quarter (1 April – 30 June) payments totaling $43,534,007 to 29 communities that host gaming facilities. These payments to host communities are based on a formula consistently applied across all gaming sites in Ontario using a graduated scale of gaming revenue at the hosted site. “Host communities support important community programs and services and strengthen their local infrastructure with these gaming revenues, said Peter Bethlenfalvy, Minister of Finance. “These financial supports help fund the vital programs and services that residents can depend on for their future.” OLG is proud to share proceeds of casino gaming with local communities, contributing to economic recovery, infrastructure development and job creation. Payments to host communities are part of OLG’s commitment to Ontario – 100 per cent of OLG’s profits are reinvested in the province. Over the past eight years, casino service providers have invested more than $2 billion in private sector capital across the province. Since 2017, these investments have led to the development and opening of seven new casinos, one planned development and additional gaming expansions and non-gaming amenities. Since 1994, host communities have received more than $2 billion in non-tax gaming revenue.
OLG issues Q1 2023 revenue payments to municipal partners
is republished from Online.CasinoCity.com.
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