City Receives Casino Pay
The Ontario Lottery and Gaming Corp. issued a third-quarter (October to December) non-tax gaming revenue payment of $590,180 to the City of Thunder Bay on Thursday for hosting OLG Casino Thunder Bay.
“OLG provides host municipalities with significant revenue each year that helps communities invest in local priorities such as infrastructure and programs and services that benefit Ontario families,” said Thunder Bay-Superior North MPP Michael Gravelle. “Along with supporting local development, these funds directly benefit Ontario’s vital public services such as health care and education.”
Since August 2000, Thunder Bay has received more than $40.1 million in non-tax gaming revenue. The 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.
The funds generated by Casino Thunder Bay provide
the city with an important revenue stream to fund investments in
infrastructure and support numerous community and non-profit
organizations, said Thunder Bay-Atikokan MPP Bill Mauro. “These
investments benefit our entire community and strengthen our local