Another $431,000 is flowing into the city coffers from the Ontario Lottery and Gaming Corporation (OLG).
OLG says the money is the second quarter (July 1 to Sep. 30) payment for the city hosting Cascades Casino North Bay.
It brings the total to $749,000 this fiscal year, and $2.36 million since the gaming site opened in March 2022.
“OLG continues to be a proud partner in hosting gaming communities,” says Peter Bethlenfalvy, Minister of Finance. “Municipality Contribution Agreement payments help these municipalities fund priorities such as community infrastructure, parks and recreation and local health care facilities, benefiting families and local residents.”
OLG says it’s proud to share proceeds of casino gaming with local communities, contributing to economic recovery, infrastructure development and job creation.
The city says a policy recommendation on what to do with the casino revenue is expected to be brought to council at the end of November.
