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HomeNewsNorth Bay gets $394,725 from OLG

North Bay gets $394,725 from OLG

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The city has received its second payment from Ontario Lottery and Gaming (OLG) for hosting Cascades Casino North Bay. 

The first quarter payment (April 1 – June 30) amounts to $394,725. 

Since the gaming site opened in March, OLG says North Bay has received $505,859.

“OLG is proud to share proceeds of casino gaming with local communities, contributing to economic recovery, infrastructure development and job creation,” states a release. “ Payments to host communities are part of OLG’s commitment to Ontario – 100 percent of OLG’s profits are reinvested in the province.”

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Mayor Al McDonald previously said the casino money will be put into reserves and the next council will develop a policy on where to spend it.  

OLG says since 1994, host communities have received more than $1.86 billion in non-tax gaming revenue.

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