Sports betting could be coming to Cascades Casino
The North Bay Nugget
North Bay is set to amend its agreement with Cascades Casino to secure a share of sports betting revenue.Summary
The City of North Bay is expected to sign an amendment to its Municipal Contribution Agreement with Cascades Casino to secure a percentage of revenue from a potential sportsbook. The agreement would ensure the Ontario Lottery and Gaming Corporation shares four percent of sportsbook revenue annually, calculated from the first day betting is offered. Currently, the city receives quarterly contributions from electronic games and live table games, totaling over $6.4 million as of April. If the amendment is not approved, the city will not receive contributions from sports betting at the casino.
(Source：The North Bay Nugget)