NEWS RELEASE
OLG
*************************
Ontario Lottery and Gaming Corporation (OLG) today issued a second-quarter (July to September 2018) non-tax gaming revenue payment of $1,798,866 to the Town of Innisfil for hosting Gateway Casinos Innisfil.
In this fiscal year (2018-19), Innisfil has received $3,573,654. Since November 2001, Innisfil has received more than $79.9 million in non-tax gaming revenue.
“OLG provides direct support to communities across Ontario through payments to municipal partners and local charities, and generates more than $4 billion in economic activity, including goods and services purchased from local businesses,” said Andrea Khanjin, MPP for Barrie-Innisfil.
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.
At more than $2 billion annually, OLG provides the Ontario government with its largest source of non-tax revenue.
*************************
