Stock photo courtesy of Pixabay
The Town of Milton has received its quarterly payment from the Ontario Lottery and Gaming Corporation (OLG).
Four times a year, the Town receives a payment from OLG for hosting Elements Casino Mohawk. Milton just received $1,435,055. So far during OLG’s fiscal year (April 1st, 2022 to March 31st, 2023), Milton has received $6,022,546. Since the gaming site opened in August 1999, Milton has received $133,753,455.
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.
“Payments through OLG’s Municipality Contribution Agreement provide host gaming communities with the support they need to fund programs and critical infrastructure to improve the lives of residents and families,” says Peter Bethlenfalvy, Minister of Finance. “With these revenues, municipalities are able to build better communities with more opportunities to live and work.”
The Town of Milton uses part of the funding it receives from OLG for the Milton Community Fund Program.
Since 1994, host communities have received more than $1.93 billion in non-tax gaming revenue.
