|Gaming Revenues Support the Agricultural Side of Things
You may know that the Alberta Lottery Fund supports libraries, museums, and amateur sports but, have you heard about the ways it supports rural and agricultural initiatives?
In March, the Government of Alberta announced $40 million in new funding to seven major fairs and exhibitions in Alberta. The exhibitions received the funds from the Alberta Lottery Fund in order to upgrade buildings, grounds and other capital projects, which will in turn support rural development. The Alberta Lottery Fund is government’s share of revenue from VLTs, slot machines, and ticket lotteries. These revenues are re-invested into Alberta’s communities through support to thousands of volunteer, public and community-based initiatives.
For all Albertans, having vibrant and sustainable rural communities are an important component of a prosperous province. These major regional exhibitions bring revenue into Alberta and, more importantly, into the communities that host the events, helping to boost the economy.
This funding to the major fairs and exhibitions is one of thousands of initiatives supported by the Alberta Lottery Fund each year. Here is how the $40 million will be distributed:
- Camrose Regional Exhibition - $5.6 million;
- Grande Prairie Regional Agricultural and Exhibition Society - $5.6 million;
- Lethbridge and District Exhibition - $6.5 million;
- Lloydminster Exhibition Association - $6.7 million;
- Medicine Hat Stampede - almost $5.7 million;
- Olds Agricultural Society - $3.8 million; and
- Westerner Park in Red Deer - $6.0 million.
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