NEWS RELEASE
OLG
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Ontario Lottery and Gaming Corporation (OLG) is pleased to make a fourth quarter (Jan. 1 – March 31) payment totalling $1,406,415 to the Town of Innisfil for hosting Gateway Casinos Innisfil.
During OLG’s fiscal year (April 1, 2023 to March 31, 2024), Innisfil has received $7,014,451. Since the gaming site opened in November 2001, Innisfil has received $107,188,445.
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.
“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.”
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.
Over the past seven years, service providers have invested nearly $2.2 billion in private sector capital investment across the province. Since 2017, these investments have led to the development and opening of seven new casinos, one planned development and additional gaming expansions and non-gaming amenities.
Since 1994, host communities have received more than $2.1 billion in non-tax gaming revenue.
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