OLG issues almost $1.9M gaming revenue payment to Milton
Today (Oct. 21), Ontario Lottery and Gaming Corporation (OLG) has issued a second-quarter non-tax gaming revenue payment to the Town of Milton.
According to OLG, a total of $1,899,393 was issued to the Town for hosting Elements Casino – Mohawk.
Milton has received almost $125 million in non-tax gaming revenue since 1999, according to OLG.
“Our government is pleased that land-based casinos have reopened safely and are contributing to our provincial economy again,” said Parm Gill, Member of Provincial Parliament for Milton.
“Host communities are once again benefiting from local employment and the financial proceeds that support vital services through Municipality Contribution Agreements.”
According to OLG, payments are issued to host municipalities under the Municipality Contribution Agreements, using a formula applied across all Ontario sites that are based on a graduated scale of gaming revenue at the hosted sites.
The reopening of gaming sites as a result of COVID-19 restrictions being lifted across the province will afford OLG’s service providers the opportunity to advance their development plans that will support the long-term excitement of the casino experience in Ontario for years ahead.
To date, host municipalities have received over $1.76 billion in non-tax gaming revenue.insauga's Editorial Standards and Policies advertising