Statement of Operations and Accumulated Deficit ($'000)
| For the Year Ended March 31, 2024 | Note(s) | 2024 Budget | 2024 Actual | 2023 Restated Actual (Note 2b) |
|---|---|---|---|---|
Revenue |
|
|
|
|
| Licence and Registration Fees | $ 63,393 | $ 43,622 | $ 43,948 | |
| Regulatory Charges - Gaming Sector | 61,046 | 43,510 | 31,277 | |
| Cost Recoveries from iGamingOntario | 13,124 | 11,360 | 9,474 | |
| Regulatory Charges - Horse Racing Sector |
|
9,578 |
7,185 |
7,180 |
| Other Revenue |
| 151 | 31 | 96 |
| 147,292 | 105,708 | 91,975 | |
Expenditures |
|
|
|
|
| Salaries and Wages |
| 85,418 | 88,678 | 74,805 |
| Services |
| 30,790 | 13,296 | 13,064 |
| Employee Benefits | 18,019 | 20,597 | 16,366 | |
| Amortization of Tangible Capital | 2,405 | 2,117 | 1,942 | |
| Transportation and Communications |
| 1,546 | 1,303 | 1,386 |
| Supplies and Equipment |
| 968 | 1,148 | 750 |
| 139,146 | 127,139 | 108,313 | |
| Annual Deficit from Operations |
|
| (21,431) | (16,338) |
| Contribution by the Province |
| 21,431 | 16,338 | |
| Annual Deficit |
|
| — | — |
| Accumulated Deficit, Beginning of Year |
|
| — | — |
| Accumulated Deficit, End of Year |
|
| $ — | $ — |
See accompanying notes to the financial statements.