The Ontario Lottery and Gaming Corporation (OLG) has sent out the fourth quarter gaming revenue payments to municipalities that have casinos.
This includes Point Edward and Sarnia.
The village will receive $380,504 for hosting Starlight Casino Point Edward.
In the most recent fiscal year ending on March 31, Point Edward received $1,578,417.
Since the gaming facility opened in April 2000, the village has been awarded a total of $55,491,363.
On the other hand, Sarnia is getting $79,748 for hosting Gateway Casinos Sarnia.
During OLG’s fiscal year, Sarnia collected $358,221, which adds up to a total of $28,413,977 since May 1999.
Sarnia-Lambton MPP Bob Bailey shared his thoughts on this funding.
“OLG shares revenues with host gaming municipalities to help them invest in local priorities, including community services and infrastructure,” said Bailey. “These payments are part of our government’s commitment to support municipalities and to protect what matters most – those critical services families rely on.”
The payments made to these communities are determined by a formula that is applied consistently across all gaming sites in Ontario using a graduated scale based on gaming revenue at each location.
The OLG mentioned that these payments follow a consistent formula used across all gaming sites in Ontario based on a graduated scale of gaming revenue from the hosted site.
Since 1994, host communities have received nearly $2.4 billion in non-tax gaming revenue.
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