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Ontario budget: OLG expected to see $2.1B drop in revenue, cannabis sales jump

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Ontario Lottery and Gaming Corporation (OLG) is forecast to see a major drop in revenue.According to revenue projections published by the Ontario government on Thursday, OLG is forecast to only make $200 million in revenue by the end of the 2020-2021 fiscal year.The projection is a far cry from the corporation’s three-year high in 2019 and 2020 when it made $2.3 billion in gambling revenue, funds that support provincial government program spending.

Gateway Casinos to reopen select Ontario locations As the Ontario government imposed strict public health-related measures in response to the coronavirus pandemic, all casinos across the province were shut down.

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