With the conclusion of the fourth quarter of fiscal 2022-23, the Ontario Lottery and Gaming Corporation has now distributed its casino revenue-sharing payments to host communities across the province. The City of Sault Ste. Marie which hosts Gateway Casinos Sault Ste. Marie revealed that for the quarter ending on March 31, 2023, it received over CA$344,000.
OLG oversees and offers gambling, lottery, iGaming, bingo, and other similar gaming products at charitable gaming centres in Ontario. Its proceeds are used to ensure a better life for Ontarians and since 1975, it has provided close to CA$57 billion to the provinceās economy. The money has been invested into healthcare, battling problem gambling, and support for amateur sports athletes.
Sault Ste. Marie Receives Latest Payment
This week, the City of Sault Ste. Marie disclosed that it has now acquired its quarterly gaming allocation from the Crown corporation for hosting Gateway Casinos Sault Ste. Marie. For the period of January 1, 2023, through March 31, 2023, the city earned CA$344,377. This amount puts the total for the entirety of OLGās fiscal year to CA$1,449,273.
Since the premium gaming amenity’s opening in the region in May 1999, the municipality has now aggregated over CA$33.87 million. Payments to casino host municipalities are estimated on a special formula which is consistently applied to all gaming locations across the province through a graduated scale of gaming revenue at each of the sites.
Ross Romano who is Sault Ste. Marieās MPP commented that payments via the Municipal Contribution Agreement provide much-needed support for local programs and essential infrastructure projects that make a difference in the area. He added that the revenue helps the city build a strong community where people and families live, work, and play.
More Municipalities Get Payments
According to a press from OLG, for the fourth quarter of the FY 2022-23, it distributed CA$28,753,394 in gaming payments to 29 communities in the province. The City of Niagara Falls was one of them. The region received a hefty CA$3.93 million for the said quarter, as it is the home of Fallsview Casino Resort and Casino Niagara Casino.
In the meantime, the City of Windsor also got a significant cut of the tax-gaming proceeds for Q4. As the home of Caesars Windsor Casino, the city obtained CA$2,099,912 for the three months ending on March 31, 2023, or Q4. For the whole fiscal year, the allocations reached CA$9.4 million. And since the property’s launch in May 1994, it has bagged over CA$82 million.
In addition to that, the City of North Bay has also got its fair share of hosting Cascades Casino North Bay. For the last quarter of the FY, the municipality pocketed CA$350,792 from the casino. Thus, putting the total payment for the whole FY to CA$1,505,022. Since the gaming location first opened in March 2022, it delivered over CA$1.6 million in gaming proceeds to the city.
Source: āSault receives $344,377 from OLGā Sault This Week, April 25, 2023
