Corporation giving host municipalities funds based on gaming revenues at hosted sites.
Niagara Falls is getting a financial boost from the Ontario Lottery and Gaming Corporation.
The OLG is giving the City a second quarter non-tax gaming revenue payment of over $4.6 million for hosting Casino Niagara and Fallsview Casino.
Since December 1996, the City has received over $168 million in non-tax gaming revenue.
Using a formula based on a graduated scale of gaming revenue at host sites, the OLG makes payments to host municipalities under the Municipality Contribution Agreements.
"Our government is pleased that land-based casinos have reopened safely and are contributing to our provincial economy again," said Peter Bethlenfalvy, Minister of Finance. "Host communities are once again benefiting from local employment and the financial proceeds that support vital services through Municipality Contribution Agreements."
To date, more than $1.76 billion in non-tax gaming revenue has been given to host municipalities.
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