The Ontario Lottery and Gaming Corporation has begun quarterly disbursements to those provincial municipalities that host gaming properties.
The Ontario Lottery and Gaming Corporation (OLG) has started issuing its quarterly payments to municipalities in Ontario for the hosting of gaming properties. For the period July through September, the city of Niagara Falls received a second-quarter non-taxable gaming revenue payment of CA$4,668,393.
According to data provided by OLG, the city of Niagara Falls has received a total of CA$168 million in non-tax gaming income since 1996 for hosting Casino Niagara and Fallsview Casino Resort. The province uses this money to fund various local sectors such as education and healthcare.
Massive Financial Help for Ontario
Ontario’s Minister of Finance, Peter Bethlenfalvy, noted that the local government is pleased to have in-house casinos up and running again. According to Bethlenfalvy, the casino contribution to the provincial economy is essential. He reiterated that the local casinos operate in compliance with regional health and safety protocols.
Municipality Contribution Agreement is a contract between the OLG and the local municipalities in Ontario that rewards municipalities for hosting gaming properties. The non-tax gaming payments are determined according to a prescribed formula applied to all local gaming sites, which is based on a graduated scale of gaming revenue at each venue.
Payment Rollout
The OLG has also sent out quarterly payments to several other Ontarian municipalities. The City of Belleville received CA$591,000 from the Crown corporation in the second quarter of the year for hosting Shoreline Casino Belleville. Nevertheless, the gaming property was closed for the entire second quarter, hence the lesser amount of revenue. In contrast, for the same quarter of 2019, the city received CA$883,000.
The OLG also issued quarterly allocations to the City of Peterborough and Cavan-Monaghan Township, with the two regions receiving CA$571,000 and CA$114,000, respectively. Both municipalities were awarded for hosting the Shorelines Casino Peterborough and the Shorelines Slots at Kawartha Downs. Furthermore, the Town of Hanover received CA$309,990 for hosting Gateway Casinos & Entertainment property.
On Friday, the OLG also disbursed its financial obligations to Windsor for hosting Caesars Windsor Casino. The payment amounted to CA$1,752,526. The gaming hotspot reopened to clients this summer after the lift of provincial health and safety restrictions.
