Every year, BCLC net income supports a variety of Government initiatives. Below is a summary of Government's distribution of BCLC's 2008/09 net income (in millions). For more information, download the 2008/09 Annual Report [1MB].
#1 $1,082.0 million in net income was distributed to the Government of B.C. (Government).
#2 Government dedicated the largest portion of net income to consolidated revenue, which totaled $657.6 million.
#3 As a result of an agreement between the federal and provincial governments on the withdrawal of the Government of Canada from the lottery field, they received $8.7 million of net income.
#4 Host local governments (HLG) with a casino or community gaming centre receive a share of net income generated from that facility for HLG-chosen programs that benefit their community. $83.9 million in Provincial payments were issued to 25 host communities.
#5 The horse racing industry received $6.5 million, which was divided between the standardbred and thoroughbred sectors.
#6 Government dedicated $147.3 million to the Health Special Account, for the administration, operation and delivery of health care, health research and health promotion, and education services.
#7 Development Assistance Compensation of $9.1 million helped B.C. casinos, racecourse casinos and community gaming centre service providers upgrade or renovate gaming facilities to enhance player experiences and amenities.
#8 $15.9 million is administered by Gaming Policy and Enforcement (GPE) branch for regulatory oversight of BCLC, gaming service providers and gaming workers, B.C.'s horse racing industry, lottery retailers and licensed charitable gaming events.
#9 Government directed $5.4 million to responsible gambling strategies. Initiatives include gambling research, treatment and prevention programs, including the Problem Gambling Program managed by GPE.
#10 6,800 charitable and community organizations received a total of $156.3 million in gaming grants administered by GPE. For more on grant programs, visit: www.hsd.gov.bc.ca/gaming/grants/index.htm.
