OLG Gaming Payment Rises
July 22, 2014 5:02am
The City of Windsor will see a big first-quarter payment from the Ontario Lottery and Gaming Corporation.
A total of $2,989,510 is coming to the city via Caesars Windsor.
To date, the city has received more than $11.7-million in non-tax gaming revenue.
Under the current formula, municipalities receive 5.25% on the first $65-million of slot revenue, then the percentage decreases as profits rise.
The OLG provides the Ontario government with about $2-billion dollars a year.