Latest cheque from OLG sees $2.1 million added to Milton’s coffers

Milton has another $2.1 million in their coffers thanks to hosting Elements Casino Mohawk.

The quarterly payment for April to June from the Ontario Lottery and Gaming Corporation brings the total since the gaming site opened in 1999, to more than $144M.

The payments to host communities are based on a formula consistently applied across all land-based casino sites in Ontario using a graduated scale of gaming revenue at the hosted site.

“Investing OLG’s profits back into host communities is another example of our government’s continued efforts to strengthen local infrastructure and community programs,” said Stan Cho, Minister of Tourism, Culture and Gaming.

“We remain focused on working with our municipal partners to ensure communities across Ontario have the supports in place to empower their residents to lead active, fulfilling lives and enable local businesses to thrive.”

Since 1994, host communities have received more than $2.1 billion in non-tax gaming revenue.

The proceeds of casino gaming contribute to economic development including infrastructure and job creation. Every cent of OLG profits are reinvested in the province.

Since 2017, casino service providers have invested more than $2.2 billion in private sector capital across the province. These investments have led to the development and opening of seven new casinos, one planned development and numerous casino expansions and non-gaming amenities.