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Windsor Gets Nice Paycheck

The City of Windsor has just gotten a nice paycheck for their hosting of slots in their city. The Ontario Lottery and Gaming Corporation has given them their cut of the profits from the slots that they allow to be hosted at the Windsor Raceway – and it has turned out to be a nice chunk of change.

The city received a check for $419,000 from the OLG, and according to the Corporation the city is free to spend the money however they choose. Windsor has already received more than $21.3 million to date in non-tax gaming revenue per the OLG’s books.

They say that they give the municipalities 5% of the gross revenue from the first 450 slots that are located at the gaming facility located at the racetrack in the municipality. They then get another 2% of the gross revenue from any additional slot machines that they bring in.

This latest payment to the municipality was part of the amount that is distributed to the 23 municipalities on a quarterly basis. This third quarter payment was based on $17.9 million in revenue. The OLG has said that they are planning on allocating an additional $105 million in gaming revenue to various charities through the Ontario Trillium Foundation.

Back to January 2008 Archive.