OLG issues Woodstock cut of fourth-quarter non-tax gaming revenue.
WOODSTOCK -- The Ontario Lottery and Gaming Corporation Thursday issued a fourth-quarter gaming revenue payment of over $327,844 to the City of Woodstock for hosting OLG Slots at Woodstock Raceway.
To date, the agreement with OLG has benefited Woodstock to the tune of more than $13.4-million in non-tax gaming revenue.
Host OLG municipalities like Woodstock invest the shared gaming site revenues in local programs and infrastructure projects.
The revenue fee is what municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of slot machine revenue consistent across all sites in Ontario.
At over $2-billion annually, OLG provides the provincial government with its largest source of non-tax gaming revenue.
Every year, the Ontario government allocates funding to the province's problem gambling program for research, treatment and prevention. The amount for this year alone is $41-million going toward helping problem gambling initiatives.

Drug Charges Laid in Tillsonburg
OLT Rules on 401 Lakeview Development
Open House for New South Gate Centre Expansion
Bichette Finalizes Contract with New York Mets
Pickup Trucks Stolen in La Salette
Yellow Snowfall Warning Issued for Oxford
Mischief Investigation Leads to Charges
STAGES Presents: A Mixed Up Fairytale & Into The Woods Jr.
Ingersoll Represented at ROMA Conference
Two Arrested in Norfolk Drug Bust
Woodstock Business to Pay Fine
Snow Squall Warning Issued for Oxford
Schadenberg Appointed Acting Mayor
Mosaic Mural to Honour Plattsville's 175th Anniversary
Woodstonian Charged in Two Incidents
SWPH Issues Cold Weather Alert
Homeowner Charged After Fire at Residence
PJHL Preview - Jan. 16th to Jan. 18th
Woodstock Receives Third Quarter Payment from OLG
Pizza for a Purpose Supporting Crime Stoppers
Comments
Add a comment