Chatham-Kent has raked in $443,141 from the Ontario Lottery and Gaming Corp. for hosting Cascades Casino in Chatham.
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The third-quarter payment, covering Oct. 1 to Dec. 31, 2024, brings the total the municipality has received since April 1, 2024. to $1.3 million. OLG’s fiscal year ends March 31.
Chatham-Kent has received a total of $19.1 million since an OLG gaming site opened in the municipality in April 2001.
Payments to host communities are based on a formula applied across all gaming sites in Ontario, OLF said in a release.
“OLG’s municipality contribution agreement payments help pave the way for Chatham-Kent to build critical infrastructure and fund important programs that make a real difference for residents,” said MPP Trevor Jones (PC-Chatham-Kent-Leamington).
“Gateway Casinos Chatham supports numerous jobs and generates significant economic activity that, in turn, enhances the well-being of our local community,” he said.
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Since 1994, host communities have received more than $2.2 billion in non-taxable gaming revenue.
OLG is proud to share casino gaming proceeds with local communities, contributing to economic development, including infrastructure and job creation, the corporation said. Payments to host communities are part of OLG’s commitment to Ontario, which includes reinvesting all its profits in the province.
Over the last eight years, service providers have invested more than $2.5 billion in private-sector capital investment across Ontario, leading to development and opening of seven new casinos, one large-scale resort development, numerous gaming floor expansions and new non-gaming amenities , OLG said.
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