A new gaming entertainment centre in the GTA would benefit the host community through hosting fees, property tax revenues, construction jobs and permanent jobs. It would also generate billions of dollars in capital investments.
Construction and Permanent Jobs
If a new facility is located in the GTA, outside of the downtown core, it could create 9,700 new jobs as well as 3,000 construction jobs over a three-year period.
Potential Capital Investments
A new gaming facility located in the GTA, outside of downtown Toronto, could generate between $1.2 billion and $1.5 billion in private sector capital investments.
Interest in Casino Gaming
A key element of OLG’s modernization of lottery and gaming is to make gaming more accessible to consumers. Compared to many regions, the GTA is an underserved market.
Today, the city of Toronto has one gaming property in the region – OLG Slots at Woodbine Racetrack. The facility at Woodbine has one of the busiest gaming floors in all of North America.
Woodbine and many other OLG properties have slot utilization rates far above their North American counterparts. These rates indicate a strong interest and limited supply.
OLG is working closely with municipalities and other stakeholders to gather important input about the viability of different sites within the GTA.
Throughout this process, potential private sector casino companies will have an opportunity to provide input, but the project will not advance before receiving approval from a host municipality. See OLG’s proposed GTA regions.