The City received a cheque for nearly $355,000 for hosting the OLG Slots at Woodstock Raceway
WOODSTOCK - The City of Woodstock continue to see the financial benefits of hosting the OLG Slots at Woodstock Raceway.
The third quarter payment from the Ontario Lottery Gaming Corporation, covering October to December 2014 is $354,818.
The dollars are used by the city to support local programs and infrastructure projects. In the past, the funds have supported the new Woodstock Hospital and Woodstock's YMCA capital campaign.
The payments are made under an equitable formula in the Municipality Contribution Agreement which determines the fee municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of gaming revenue that is consistent across all sites in Ontario.
To date, the city has received more than $14.5 million in non-tax gaming revenue.

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