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 $2,023,885. This is the second of four payments over the fiscal year. So far, during OLG’s fiscal year, Milton has received $4,180,254. Since the gaming site opened in August 1999, Milton has received $146,648,943.
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.
“Land-based casinos serve as a source of good local jobs and generate important economic activity in municipalities that host gaming sites,” says Zee Hamid, Member of Provincial Parliament for Milton. “Proceeds from gaming received through the Municipality Contribution Agreement with OLG, in turn, help strengthen local infrastructure and support community programs.”
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 $2.1 billion in non-tax gaming revenue.
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