On Friday, the Ontario Lottery and Gaming Corporation issued a second-quarter gaming revenue payment of $579,903 to Greater Sudbury for hosting OLG Slots at Sudbury Downs.
Since November 1999, Sudbury has received more than $37.1 million in non-tax gaming revenue.
"OLG gaming site revenues help communities, including our own City of Greater Sudbury, invest in important infrastructure projects like roads, bridges, and schools," Sudbury MPP Glenn Thibeault is quoted as saying in the release. "These funds also directly benefit the people of Ontario by supporting vital services."
The payments are made under a formula in the Municipality Contribution Agreement that determines how much funds municipalities receive for hosting an OLG gaming facility. They're 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 has allocated $115 million in gaming revenue to support charities through the Ontario Trillium Foundation. Every year, the province allocates funding to Ontario’s problem gambling program for research, treatment and prevention. The amount for fiscal 2016-2017 is $38 million.
OLG conducts and manages gaming facilities, the sale of province-wide lottery games, PlayOLG Internet gaming, the delivery of bingo and other electronic gaming products at Charitable Gaming Centres and is leading the integration of horse racing into the provincial gaming strategy.
Since 1975, OLG has provided nearly $44 billion to the province. The payments support the operation of hospitals, amateur sport through the Quest for Gold program, local and provincial charities and problem gambling prevention, treatment and research.
