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OLG pays out $987,091 to Innisfil

During the fiscal year, Innisfil received $5,537,812
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NEWS RELEASE
OLG
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SAULT STE. MARIE – Ontario Lottery and Gaming Corporation (OLG) issued a fourth-quarter (Jan. 1 to March 31, 2019) non-tax gaming revenue payment on Thursday, April 18, 2019 for $987,091 to the Town of Innisfil for hosting Gateway Casinos – Innisfil.

During OLG’s fiscal year (April 1, 2018 to March 31, 2019), Innisfil received $5,537,812.

Since November 2001, Innisfil has received more than $81.8 million in non-tax gaming revenue.

“OLG shares revenues with host municipalities to help them invest in local priorities, including community services and infrastructure,” said Andrea Khanjin, MPP for Barrie-Innisfil. “These payments are part of our government’s commitments to support municipalities and to protect what matters most – our critical services including our world-class health care and education systems.”

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.

OLG provides the Ontario government with its largest source of non-tax revenue from Government Business Enterprises. In 2017-2018, this amounted to $2.49 billion.

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