OLG Issues Third-Quarter Gaming Revenue Payment to Peterborough of $700,000

Ontario Lottery and Gaming Corporation (OLG) has made their third quarter payment totalling $704,652 to the City of Peterborough for hosting Shorelines Casino Peterborough announced on Friday morning.

Since 1994, host communities have received more than $2 billion in non-tax gaming revenue. File Photo.

The quarter was from Oct. 1 to Dec. 31.

During OLG’s fiscal year (April 1, 2023 to March 31, 2024), Peterborough has received $2,294,602. Since the gaming site opened in October 2018, Peterborough has amassed $11,698,967 according to a press release.

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 as stated in a press release. 

“OLG continues to provide Municipality Contribution Agreement payments to gaming host communities for vital programs and services that benefit all Ontarians,” ssaid Peter Bethlenfalvy, Minister of Finance. “Land-based casinos offer good, local jobs and play an important role in supporting strong, vibrant communities for families to live, work and play.”

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