OLG Makes Third Quarter Payment To Windsor
Thursday January 21st, 2016
Posted at 11:27am
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The Ontario Lottery and Gaming Corporation has issued a third-quarter non-tax gaming revenue payment for October to December 2015 of $2,239,481 to the City of Windsor for hosting Caesars Windsor.
“OLG provides host municipalities with significant funds every year to help communities invest in local programs, services and infrastructure projects such as community centres which benefits families,” said Charles Sousa, Ontario’s Minister of Finance. “These funds directly support key public services like health care and education while strengthening the local economy.”
These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the funds municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of gaming revenue that is consistent across all sites in Ontario.
Since May 1994, Windsor has received more than $25.7 million in non-tax gaming revenue.