The latest payment from the Ontario Lottery and Gaming Corporation (OLG) to Chatham-Kent rings in at $435,454.
That’s the share the municipality receives for hosting Cascades Casino Chatham.
To date for the fiscal year from April 1, 2023 to March 31, 2024, Chatham-Kent has received $1,192,038.
Since the original gaming site opened in Dresden in April 2001, the municipality has garnered around $17.3 million from gaming revenues.
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 host site. One hundred per cent of OLG’s profits are reinvested in the province.
Since 1994, host communities have benefitted from more than $2 billion in non-tax gaming revenue.
