April 19, 2023 at 3:30 pm
A recent payment from the Ontario Lottery and Gaming Corporation shows that daily life in Chatham-Kent is returning.
Over the past year, the municipality has earned a total of $1,692,836 for hosting the Cascades Casino in Chatham.
This equates to over $142,000 in gaming revenue per month.
According to the OLG, these payments to the hosting community are based on a formula consistently applied across all gaming sites in Ontario, using the hosting site’s Gaming Revenue Scale.
Looking back before the pandemic, Chatham-Kent received $1,420,573 in OLG’s 2019-2020 fiscal year, $270,000 less than the City received this fiscal year.
Last year, Chatham-Kent earned just $921,281 in gaming revenue.
“OLG’s Municipal Contribution Agreement payments are building strong communities where people and families can enjoy a high quality of life,” Treasurer Peter Bethlenfalvy said in a media release. “These revenues help support local programs and critical infrastructure to make a real difference in gaming host cities.”
Since the gaming site opened in April 2001, Chatham-Kent has received $16,146,767.