Milton receives $2M cheque from Elements Casino Mohawk
Published October 18, 2023 at 12:15 pm
The Town of Milton’s coffers have grown by more than $2 million thanks to the latest payment from the Ontario Lottery and Gaming Corporation (OLG).
The second quarter payment from the OLG totalled $2,071,382 to the Town for hosting Elements Casino Mohawk.
More than $4.6M has been paid to Milton this year. Since the gaming site opened in August 1999, the Town has received $139,743,637.
These payments to host communities are based on a formula consistently applied across all gaming sites in Ontario using a graduated scale of gaming revenue at the hosted site.
“OLG continues to be a proud partner in hosting gaming communities,” said Peter Bethlenfalvy, Minister of Finance.
“Municipality Contribution Agreement payments help these municipalities fund priorities such as community infrastructure, parks and recreation, and local health care facilities, benefiting families and local residents.”
OLG shares proceeds of casino gaming with local communities, contributing to economic recovery, infrastructure development and job creation. Payments to host communities are part of OLG’s commitment to Ontario as 100 per cent of OLG’s profits are reinvested in the province.
Over the past eight years, casino service providers have invested more than $2 billion in private sector capital across the province. Since 2017, these investments have led to the development and opening of seven new casinos, one planned development and additional gaming expansions and non-gaming amenities.
Since 1994, host communities have received more than $2 billion in non-tax gaming revenue.inhalton's Editorial Standards and Policies advertising