OLG host gaming community payout drops $5.7m in Q3
The Ontario Lottery and Gaming Corporation (OLG) has confirmed it has distributed $32.4m to 29 host gaming communities for Q3.
However, this marks a fall from its Q2 payout, where the crown agency shared $38.1m between 28 communities in the Canadian province.
In fact, it’s the second consecutive quarter where the amount has dropped, with $42.4m handed out in Q1.
“Payments through OLG’s Municipality Contribution Agreement provide host gaming communities with the support they need to fund programs and critical infrastructure to improve the lives of residents and families,” said Peter Bethlenfalvy, Minister of Finance.
“With these revenues, municipalities are able to build better communities with more opportunities to live and work.”
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 for the Q3 period Oct 1 – Dec 31.
OLG has paid $113.9m across the entire fiscal year so far, with the end of Q4 falling on March 31.
Since 1975, the corporation has provided nearly $57bn to the people and Province of Ontario to support key government priorities like health care; the treatment and prevention of problem gambling; and support for amateur athletes.