OLG will hand over $5.9 million to Niagara Falls

The Ontario Lottery and Gaming Corporation (OLG) cutting a cheque to the city of Niagara Falls.

The OLG has issued a second-quarter (July to September, 2015) non-tax gaming revenue payment of $5,930,369 to the city for hosting Casino Niagara and Fallsview Casino Resort.

To date, Niagara Falls has received more than $55.6 million in non-tax gaming revenue.

“OLG provides host municipalities with significant revenues every year which help communities invest in local priorities and infrastructure projects important to them,” said Charles Sousa, Minister of Finance. “These funds directly benefit vital public services like health care and education while contributing to enhancing the local economy.”

The payments are made under an equitable formula in the Municipality Contribution Agreement that determines the funds municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of gaming revenue that is consistent across all sites in Ontario.