Two Ontario Municipalities Receive $2.6M from OLG
The money stems from third-quarter casino revenue payments
Ontario municipalities Windsor and Chatham-Kent have received third-quarter payments from the Ontario Lottery and Gaming Corporation (OLG). Windsor and Chatham-Kent received $2,146,955 and $435,454, respectively, from casinos located in their districts: Caesars Windsor Cascades and Casino Chatham.
The proceeds are part of agreed payments made by OLG, according to the Municipality Contribution Agreements (MCAs), to communities that host gaming facilities. A total of $34,104,262 was distributed to 29 communities in the third quarter of the fiscal year (April 1, 2023, to March 31, 2024). During the entire fiscal year, all communities received $117,969,393. Since the opening of their gaming facilities, Windsor and Chatham-Kent have generated $90,325,801 and $17,338,805, respectively.
“OLG continues to provide Municipality Contribution Agreement payments to gaming host communities for vital programs and services that benefit all Ontarians,” said Ontario Minister of Finance Peter Bethlenfalvy in a press release. “Land-based casinos offer good, local jobs and play an important role in supporting strong, vibrant communities for families to live, work and play.”
The payment distribution of MCAs is based on a consistent formula applied across all land-based facilities in Ontario, accounting for revenues generated by each casino. The payments from OLG to host communities are allocated to a range of programs and services, contributing to the region’s overall economic health and well-being.
OLG emphasizes that 100% of its profits are reinvested in the province of Ontario. Since 2017, more than $2 billion has been invested by casino service providers into the province, leading to the development of new casinos, additional planned developments, and expansions of existing facilities.