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City getting another $343,695 from casino revenues

'With these revenues, municipalities are able to build better communities with more opportunities to live and work'
20220309 cascades casino 1 Nataliya Lebeau dealer brian and toni beninger turl
Nataliya Lebeau

Ontario Lottery and Gaming Corporation (OLG) is making a third-quarter payment of $343,695 to the City of North Bay for hosting Cascades Casino on Pinewood Park Drive.

So far, during OLG’s fiscal year (April 1, 2022 to March 31, 2023), North Bay has received $1,154,230.  Since the gaming site opened in March 2022, North Bay has received $1,265,364.

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. 

“Payments through OLG’s Municipality Contribution Agreement provide host gaming communities with the support they need to fund programs and critical infrastructure to improve the lives of residents and families,” said Peter Bethlenfalvy, Minister of Finance.  “With these revenues, municipalities are able to build better communities with more opportunities to live and work.”