Casino revenue payment pushes North Bay past $6M since 2022
North Bay has received over $6 million in casino revenue since 2022, with a recent payment of $365,152 from OLG.Summary
The City of North Bay has received a third-quarter payment of $365,152 from the Ontario Lottery and Gaming Corporation (OLG) for hosting Cascades Casino. This payment, covering October 1 to December 31, brings the city’s total revenue for the current fiscal year to $1,238,039. Since the casino’s opening in March 2022, North Bay has accumulated over $6,050,328 in non-tax gaming revenue through OLG’s Municipality Contribution Agreement. This agreement distributes a portion of casino revenue to host communities based on a graduated scale tied to gaming revenue. MPP Vic Fedeli highlighted the importance of these funds for delivering vital services and enhancing the quality of life for North Bay residents, noting that all OLG profits are reinvested across Ontario.
(Source：Google News)