NEWS RELEASE
OLG
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The Ontario Lottery and Gaming Corporation (OLG) today issued a fourth-quarter (January to March, 2017) non-tax gaming revenue payment of $898,195 to the Town of Innisfil for hosting OLG Slots at Georgian Downs. Since November 2001, Innisfil has received more than $70.8 million 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 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 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.
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