Township continues to benefit from slots cash
The community here has receive another quarterly payment for hosting the slots at the Grand River Raceway.
The township recently received a cheque for $558,243. That was for the first quarter in the Ontario Lottery Gaming at the raceway.
To date, the township has received more than $10.1-million since the facility opened in December of 2003. As well, the facility has had more than 3,400,000 visitors since it opened. Centre Wellington council has used the cash to leverage grants for infrastructure.
In total, OLG issued more than $18.7-million to 23 communities hosting the slots at racetrack facilities across the province. Each facility received five per cent of the gross revenue generated at its facility. Tracks and horse organizations receive 20% of the gross revenue from the slots.
OLG’s profits from gaming are given to the Ontario Trillium Foundation, which uses the funds to provide cash grants for various organizations such as service clubs and arts groups.
