Ontario Lottery and Gaming Corporation (OLG) on 21 April, 2015 gave fourth quater (Jan – March) non-tax gaming revenue payment of the sum of $19,170,543 to twenty-two municipality which currently host OLG gaming facilities. The press release on the OLG official website revealed that to date money in excess of $1.1 billion had been disbursed to host municipalities.
”These payment are made under an equitable formula in the Municipality Contribution Agreement that determines the fund municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of gaming revenue that is consistence across all state in Ontario”, the company statement says.
OLG is the largest sources of non-tax revenue of Ontario government at roughly $2 billion yearly. This money is use to support health care services, education, research, amateur sport financing and treatment of problem gambling.
It is on record that within the period of 2014 and 2015 the province issued $115 million in gaming revenue to support charities through the Ontario Trillium Foundation. Each year the Ontario government allocates certain amount of money for the province’s problem gambling program for research, treatment and prevention. The amount for fiscal 2014 – 2015 was $39 million.