The Municipality of Chatham-Kent has received a quarterly payment of just under $200,000 in non-tax gaming revenue for hosting OLG Slots at Dresden Raceway.
On Friday, the Ontario Lottery and Gaming Corporation (OLG) issued the payment of $185,144 to the municipality. Since April 2001, CK has now received more than $10.4-million in non-tax gaming revenue.
“OLG gaming revenue provide essential funding to host communities which offers greater ability to invest in infrastructure projects as well as important local programs and services that benefit families,” says Ontario Minister of Finance Charles Sousa, in a news release. “These funds directly benefit Ontario’s critical public services such as health care and education, and local development."
The payments are made under an equitable formula in the Municipality Contribution Agreement that determines the funds municipalities receive for hosting an OLG gaming facility.
OLG provides the Ontario government with approximately $2-billion annually, which is the province's largest source of non-tax revenue.
