Niagara Falls’ casinos net the city almost $20 million over the past year

By

Published April 19, 2023 at 12:36 pm

Casino Niagara, which opened in 1996, helped Niagara Falls collect nearly $20 million from the OLG over the past year.

Being the host city to two casinos – Fallsview Casino Resort and Casino Niagara – added nearly $20 million to the City of Niagara Falls’ coffers over the past year.

When the Ontario Lottery and Gaming Corporation (OLG) calculated the fourth quarter (January 1 – March 31) payment at $3,939,785, it meant that Niagara Falls has collected $19,915,465 since April 1, 2022.

Since Casino Niagara first opened in December 1996, Niagara Falls has received $194,903,995 from the OLG over the past 27 years. The addition of Fallsview Casino Resort in June 2004 certainly helped push that total to its heights.

The OLG 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 hosted site.”

“OLG’s Municipal Contribution Agreement payments are building strong communities where people and families can enjoy a high quality of life,” said Peter Bethlenfalvy, Ontario Minister of Finance.

“These revenues help support local program and critical infrastructure, making a real difference for gaming host municipalities.”

INsauga's Editorial Standards and Policies advertising