Niagara Falls receives $6.2M for hosting casinos
$6,000 Welcome Bonus
The first quarter payment is part of OLG's commitment to invest profits back in Ontario; since the first casino opened in 1996, Niagara Falls has received more than $181-million
NEWS RELEASE
ONTARIO LOTTERY AND GAMING CORPORATION
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Ontario Lottery and Gaming Corporation (OLG) is pleased to make a first quarter (April 1 - June 30) payment totaling $6,257,258 to the City of Niagara Falls for hosting Fallsview Casino Resort and Casino Niagara.
Since the first casino opened in December 1996, Niagara Falls has received $181,245,788.
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 land-based casinos are once again providing an important stream of revenue to gaming host communities through Municipality Contribution Agreements,” said Peter Bethlenfalvy, Minister of Finance. “Municipalities rely on this funding to maintain essential programs and services, and to help improve the lives of people across Ontario.”
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 an estimated $1.8 billion in private sector capital development across the province. Since 2017, these investments have led to the development and opening of six new casinos, with two more currently under construction. In addition, a number of existing casinos have been enhanced and/or expanded.
Since 1994, host communities have received more than $1.86 billion in non-tax gaming revenue.
OLG is a crown agency that contributes to a better Ontario by delivering great entertainment experiences for our customers. Acting in a socially responsible way, OLG conducts and manages land-based gaming facilities; the sale of province-wide lottery games; Internet gaming; and the delivery of bingo and other electronic gaming products at Charitable Gaming Centres. OLG is also helping support the horse racing industry in Ontario. Since 1975, OLG has provided approximately $55 billion to the people and Province of Ontario to support key government priorities like health care; the treatment and prevention of problem gambling; and support for amateur athletes. Each year proceeds from OLG's operations also support host communities, Ontario First Nations, lottery retailers and local charities across the province.
