In Ontario, when you gamble and lose, you inadvertently put money back into your own pocket.
The Ontario Lottery and Gaming Corporation (OLG) has a provincial monopoly on gambling that raised over $2 billion last year for provincial services, charities, and community organizations, making the OLG the province’s second largest source of revenue—second only to tax revenue.
The Ontario government’s first venture into gambling, or gaming as it is more politely called, began with Wintario in 1975, the province’s first lottery. The idea was to raise money to promote sports, cultural, and recreational activities.
In the early 90s, land-based gaming began and casinos and slots were introduced. There are now 24 places to game in Ontario.
Since its formation in 1975, the OLG in its various legal incarnations has contributed $36 billion to Ontario.
Last year, about 8 million Ontarians played the lottery at least once and 2.7 million visited Ontario casinos and slot facilities.
Last year alone, just under $2 billion was put into provincial programs like health care. Some $128 million funded provincial and community-based charities like food banks and arts programs, while $232 million went back directly to the municipalities where OLG facilities are located.
On top of that, players won over $1.7 billion in lottery prizes last year.
Next plans for growth, online gaming, and a proposed Toronto area casino……