OLG announces Q4 and full-fiscal-year municipal-partner payouts

Ontario

Mark Keast, CDC Gaming

The Ontario Lottery and Gaming Corporation (OLG) announced it has made $28,341,209 in fourth-quarter (January 1–March 31) installment payments to 29 Ontario communities that host gaming facilities.

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OLG is a crown corporation that donates 100 percent of its profits back to communities in Ontario with casinos, which receive a share of revenues under a graduated scale that’s the same across the province.  The payments are based on slot-machine revenue and a share of table-game and sportsbook revenue for those sites that offer those services.

Under the agreement, municipalities receive 5.25 percent on the first $65 million of slot revenue, 3.0 percent on the next $135 million of slot revenue, 2.5 percent on the next $300 million of slot revenue, 0.5 percent on the slot revenue above $500 million, 4.0 percent of table game revenue (if applicable), and 4.0 percent of sportsbook revenue (if applicable).

During the OLG’s fiscal year (April 1, 2023, to March 31, 2024), the 29 communities received a total of $146,310,602.

“For decades, profits from gaming have been an important source of funding for Ontario communities, helping to deliver vital services, and making a real difference for gaming host municipalities,” said Peter Bethlenfalvy, Minister of Finance, in a statement. “This is one of the many different ways Ontario continues to create good-paying, local jobs that play a critical role in supporting our economy, while ensuring a socially responsible gaming environment for people to enjoy.”

Over the past seven years, service providers have invested nearly $2.2 billion in private-sector capital investment across the province. These investments have led to the development and opening of seven casinos, one planned development, and additional gaming expansions and non-gaming amenities.