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 $2,097,804. Since the gaming site opened in August 1999, Milton has received $132,318,400.
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.
“Revenue from OLG’s Municipality Contribution Agreements supports host communities so they can invest in programs and services that benefit everyone, from neighbourhood parks to local festivals,” says Peter Bethlenfalvy, Minister of Finance. “These payments help to improve the quality of life and make Ontario a vibrant and exciting place to live, work and play.”
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 $1.9 billion in non-tax gaming revenue.
