The Ontario Lottery and Gaming Corporation (OLG) has issued a first-quarter (April to June, 2013) non-tax gaming revenue payment of $557,547 to the Township of Centre Wellington for hosting OLG Slots at Grand River Raceway.
To date, Centre Wellington has received more than $18.9 million in non-tax gaming revenue.
“Host communities are able to invest in important local programs and infrastructure with revenue from OLG gaming sites,” said Minister of Finance Charles Sousa.
This is the first payment under a new, equitable formula that determines the fee municipalities receive for hosting an OLG gaming facility as announced by OLG on May 17, 2013. The formula, part of the Municipality Contribution Agreement, will provide more money for host municipalities and is the same across the province.
The payment is based on an escalating scale of slot machine revenue that is consistent across all sites in Ontario.
In 2013-2014, 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 2013-2014 is budgeted at $41 million.
Since 1975, OLG lotteries, casinos, slots, and resort casinos have generated more than $36 billion for the benefit of the Province of Ontario.
