Skip to content

No safe bet: City sees no gains from new OLG revenue formula

The City of Thunder Bay has received its latest casino payout from the Ontario Lottery and Gaming Commission. This was the first quarterly payment under a new revenue formula announced by the province in May.

The City of Thunder Bay has received its latest casino payout from the Ontario Lottery and Gaming Commission. 

This was the first quarterly payment under a new revenue formula announced by the province in May. But it appears any increase for the city coffers is being offset by a drop in casino usership.

Under the new formula, the city receives a percentage of all table game revenue, in addition to money from the slot machines. 

But OLG officials say because the table games require a lot more staff to run than the slots, the extra revenue for the city is just under $21,000. 

That brings the total payout for the last quarter to around $620,000.  It's an eight per cent increase from the last quarterly payment. 

But compared to the same time period last year, there's actually been a slight decrease. 

OLG officials attribute it to a variety of possible factors, such as lower tourism numbers and lower gaming revenues. 

 





push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks