NEWS RELEASE
OLG
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Ontario Lottery and Gaming Corporation (OLG) today issued a third-quarter (October to December, 2017) non-tax gaming revenue payment of $971,963 to the Town of Innisfil for hosting OLG Slots at Georgian Downs. Since November 2001, Innisfil has received more than $75.3 million in non-tax gaming revenue.
“OLG’s host fees provide municipalities with important funds to enable investments in their communities,” said Charles Sousa, Ontario's minister of finance. “People all across Ontario benefit from OLG revenues that support broader public services including 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 a gaming facility and are based on a graduated 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 2017-2018, the province will allocate $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 2017-2018 is $38 million.
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