Late last month, the Ontario Lottery and Gaming Corporation (OLG) submitted the fourth quarter payment for the three months ending March 31st in the amount of $78,447 to the Township of Cavan-Monaghan for hosting Shorelines Slots at Kawartha Downs. This payment concludes OLG’s fiscal year, during which the township has received $385,974. Since the gaming site opened in November 1999, Cavan Monaghan has received $61,373,837.
The City of Peterborough also received a 4th quarter payment in the amount of $716,378, bringing its total receipt since the Peterborough gaming site opened in October 2018 to $9,404,365.
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’s Municipal Contribution Agreement payments are building strong communities where people and families can enjoy a high quality of life,” said Peter Bethlenfalvy, Minister of Finance. “These revenues help support local program and critical infrastructure, making a real difference for gaming host municipalities.”
OLG is proud to share 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 – 100 per cent of OLG’s profits are reinvested in the province. KG