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Gaming Revenue

Earlier this summer, we saw a good example of non-tax revenue in action when Ontario Lottery and Gaming Corporation (OLG) issued a gaming revenue payment of $384,885 to the City of Sault Ste. Marie for hosting Gateway Casinos. That was just a first quarter payment. Since 1999, Sault Ste. Marie has received more than $30 million.


Another impressive number is 0.


The number zero represents the amount of taxes which generated the $30 million the "Sue" (as it's affectionately known) has received since 1999. Although $30 million is just a drop in the bucket compared to what entire nations end up deriving and requiring to function properly, one has to consider this was also just one source in one location, all from non-tax revenue.


What if every city government did this? What about every state? Or, every country? One might say, "But, gaming revenue happens in lots of places, already." To a degree, this is correct, and that's good. But, it's not happening as much as people might think. As I mention in The Next Step, there are just over 80 countries in the world that have a national lottery. Yet, the United Nations lists just over 190 countries within its own ranks, not counting those outside of the United Nations.


This means that, approximately, less than half of the world's countries are generating tax free gaming revenue in favor of taxing you instead.








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