OLG makes $6M payment to Niagara Falls for hosting casinos
Ontario Lottery and Gaming Corp. has issued its second-quarter non-tax gaming revenue payment of $6 million to the City of Niagara Falls.
The payment, for July to September, was issued to the municipality for hosting Casino Niagara and Niagara Fallsview Casino Resort.
Since December 1996, Niagara Falls has received more than $154.5 million in non-tax gaming revenue.
"Revenues generated at local gaming sites directly contribute to better quality of life for Ontarians," said Rod Phillips, Ontario minister of finance.
"Projects to improve local infrastructure like roads and public transit as well as community programs and services all benefit from OLG's tremendous partnerships with host municipalities."
The payments are made under an equitable formula that determines the funds communities receive for hosting a gaming facility and are based on a graduated scale of gaming revenue that is consistent across all sites in Ontario.