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City receives $542K in Q2 payment from OLG

Greater Sudbury share of gambling profits now totals $43.6M since 1999
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sudbury-downs-2017
(Supplied)

Greater Sudbury's share of gambling profits from Gateway Casinos at Sudbury Downs totalled $542,312 in the second quarter of the year, the Ontario Lottery and Gaming Corporation announced this week.

The money covers the period from July 1 to Sept. 30, bring the city's share of revenue since November 1999 to more than $43.6 million.
 
“Revenues generated at local gaming sites directly contribute to better quality of life for Ontarians,” Rod Phillips, Ontario's Minister of Finance, is quoted as saying in a news release. “Projects to improve local infrastructure like roads and public transit as well as community programs and services all benefit from OLG’s tremendous partnerships with host municipalities.”

The payments are made under a formula that determines the funds communities 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 2018-2019, it amounted to $2.47 billion.
 




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