$367,452 quarterly payment to the City for hosting Cascades Casino North Bay
Baytoday.ca
North Bay received $367,452 from OLG for hosting Cascades Casino in the fourth quarter, totaling over $6.4 million since 2022.Summary
The City of North Bay received a quarterly payment of $367,452 from the Ontario Lottery and Gaming Corporation (OLG) for hosting Cascades Casino. This brings the total revenue shared with North Bay since the casino opened in March 2022 to $6,417,780. During OLG’s fiscal year (April 1, 2025 to March 31, 2026), the city has received $1,605,491. A significant portion of these funds, approximately $1.5 million, is being allocated towards the new $63 million community and recreation centre. OLG distributes revenue to host municipalities based on a graduated scale of gaming revenue, and MPP Vic Fedeli emphasized that 100% of OLG’s profits are reinvested back into the province.
(Source：Baytoday.ca)