The Ontario Lottery and Gaming Corporation paid the city of Sault Ste. Marie a whopping $381,223 as non-tax gaming revenue payment on 22 October 2016. This payment was for the second quarter of the fiscal for hosting Ontario Lottery and Gaming Corporation Casino Sault Ste. Marie. With this payment, the city has received over $26 million since 1999 as non-tax gaming revenue.
David Orazietti MPP stated that revenues from online gambling sites like Ontario Lottery and Gaming Corporation allow places like Sault Ste. Marie to spend their payments on improving local infrastructure and taking up crucial local initiatives to improve standards of living of the local populace.
Mr. Orazietti pointed out that not just Sault Ste. Marie, but also Ontario as a whole, benefits from casino payments, which are often used to fund healthcare, education and other important public services.
Casino payments are calculated using the equitable formula listed in the Municipality Contribution Agreement. The formula decides the amount of funds each municipality receives for hosting gaming facilities owned by Ontario Lottery and Gaming Corporation. This calculation takes into account the increasing gaming revenue throughout Ontario.
Ontario Lottery and Gaming Corporation is the largest contributor of non-tax revenue in Ontario. The company pays the provincial government approximately $2 billion annually.
For the financial year 2016-2016, the provincial government has set aside $115 million from the gaming revenue for charities. The government also contributes monies to Ontario’s problem gambling program. The funds are used for research, treatment and prevention. For fiscal 2016-2017, the Ontario government has allocated about $38 million for the problem gambling program.