OLG Makes Fourth-Quarter Payment of Over $670,000 to The City of Peterborough

Ontario Lottery and Gaming Corporation (OLG) has made its fourth quarter payment of $678,417 to the City of Peterborough for hosting Shorelines Casino Peterborough, announced on Friday.

Since 1994, host communities have received more than $2 billion in non-tax gaming revenue. File Photo.

During OLG’s fiscal year (April 1, 2023 to March 31, 2024), Peterborough has received $2,973,019. Since the gaming site opened in October 2018, Peterborough has received $12,377,384.

These payments to the 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 according to a press release.

“For decades, profits from gaming have been an important source of funding for Ontario communities, helping to deliver vital services and making a real difference for gaming host municipalities,” said Peter Bethlenfalvy, Minister of Finance. “This is one of the many different ways Ontario continues to create good-paying, local jobs that play a critical role in supporting our economy, while ensuring a socially responsible gaming environment for people to enjoy.”

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