NEWS RELEASE
OLG
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SAULT STE. MARIE – Ontario Lottery and Gaming Corporation (OLG) is pleased to make a second quarter (July 1 – Sept. 30) payment totalling $5,285,233 to the City of Niagara Falls for hosting Fallsview Casino Resort and Casino Niagara.
So far, during OLG’s fiscal year (April 1, 2022 to March 31, 2023), Niagara Falls has received $11,542,491. Since the first casino opened in December 1996, Niagara Falls has received $186,531,021.
These payments to host communities are based on a formula consistently applied across all gaming sites in Ontario using a graduated scale of gaming revenue at the hosted site.
“Revenue from OLG’s Municipality Contribution Agreements supports host communities so they can invest in programs and services that benefit everyone, from neighbourhood parks to local festivals,” said Peter Bethlenfalvy, minister of Finance. “These payments help to improve the quality of life and make Ontario a vibrant and exciting place to live, work and play.”
OLG is proud to share proceeds of casino gaming with local communities, contributing to economic recovery, infrastructure development and job creation. Payments to host communities are part of OLG’s commitment to Ontario – 100 per cent of OLG’s profits are reinvested in the province.
Over the past seven years, service providers have invested an estimated $1.8 billion in private sector capital investment across the province. Since 2017, these investments have led to the development and opening of six new casinos, with one under construction, one planned development and additional gaming expansions.
Since 1994, host communities have received almost $1.9 billion in non-tax gaming revenue.
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