Over $921,000 has been delivered to the City of North Bay since Cascades Casino opened its doors earlier this year.
The Ontario Lottery and Gaming Corporation says that includes a second-quarter payment (July 1 – Sept. 30) of $415,810.
The next city council, which will be elected next Monday, will decide what the money will be used for.
“Revenue from OLG’s Municipality Contribution Agreements supports host communities so they can invest in programs and services that benefit everyone, from neighbourhood parks to local festivals,” said Peter Bethlenfalvy, Minister of Finance. “These payments help to improve the quality of life and make Ontario a vibrant and exciting place to live, work and play.”
Cascades Casino North Bay opened in March.
OLG says the 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.
