Hosting southwestern Ontario's largest entertainment complex has continued to pay off for the City of Windsor.
With gaming revenue rebounding from the COVID-19 pandemic, Ontario Lottery and Gaming (OLG) announced Wednesday that it had presented $2,099,912 to the City for hosting Caesars Windsor.
The payment represents the fourth quarter of the 2022-23 fiscal year. The quarterly sums are based on a formula applied across all Ontario gaming sites, using a graduated scale of gaming revenue.
"OLG’s Municipal Contribution Agreement payments are building strong communities where people and families can enjoy a high quality of life," said Ontario Finance Minister Peter Bethlenfalvy in a media release. "These revenues help support local programs and critical infrastructure, making a real difference for gaming host municipalities."
For the entire fiscal year, the City of Windsor received a total of $9,424,594. Since the permanent casino opened in the spring of 1994, Windsor has received $82,439,506.
All of the profits generated by OLG, which operates Caesars Windsor, go to the provincial government. Since 2016, service providers have invested approximately $2-billion in private-sector capital investment in Ontario.
Earlier this month, OLG began the process of finding a new operator for the facility. Its current contract with Caesars Entertainment expires in August 2025, though OLG can extend the deal if it wishes.
