The Ontario Lottery and Gaming Corporation (OLG) has sent out the fourth quarter gaming revenue payments to municipalities with casinos.
This includes both Point Edward and Sarnia.
The village will receive $380,504 for hosting Starlight Casino Point Edward.
In the latest fiscal year that ended on March 31, Point Edward has accumulated $1,578,417.
Since the casino 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 received $358,221, bringing its total to $28,413,977 since May of 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 host communities follow a consistent formula applied across all gaming sites in Ontario based on a graduated scale of gaming revenue at each location.
The OLG confirmed that these payments are calculated using a standard approach applied uniformly across all gaming sites in Ontario with a graduated revenue scale at each hosted site.
Since 1994, host communities have received nearly $2.4 billion in non-tax gaming revenue.
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