Another Cash Infusion

Another $477,000 is flowing into the city coffers from Ontario Lottery and Gaming Corporation.

Ontario Lottery and Gaming Corporation (OLG) says the money is the second quarter payment for hosting Cascades Casino North Bay.

Since the gaming site opened in March 2022, North Bay has received over $3.9 million.

“Land-based casinos serve as a source of good local jobs and generate important economic activity in municipalities that host gaming sites,” says Vic Fedeli, Member of Provincial Parliament for Nipissing. “Proceeds from gaming received through the Municipality Contribution Agreement with OLG, in turn, help strengthen local infrastructure and support community programs.”

OLG says 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. 

The post City’s portion of casino revenues reaching $4 million appeared first on My North Bay Now.