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Thunder Bay receives OLG’s quarterly payment

By CJ Goater Apr 22, 2024 | 2:48 PM

Gateway Casino Thunder Bay - Acadia Broadcasting File

The Ontario Lottery and Gaming Corporation has made its 2023/24 fourth-quarter payment totalling $753,082 to Thunder Bay for hosting a Gateway Casinos location.

Payments to host communities are based on a formula applied across all Ontario gaming sites using a graduated gaming revenue scale at the hosted location.

“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.”

100 per cent of OLG’s profits are reinvested into the province with part of the funds used to support local communities, contributing to economic recovery, infrastructure development, job creation, and host community quarterly payments.

During OLG’s fiscal year (April 1, 2023, to March 31, 2024), Thunder Bay received  $2,724,251. Since the gaming site opened in August 2000, Thunder Bay has received $55,417,161. Since 1994, host communities have received more than $2.1 billion combined in non-tax gaming revenue.