AGCO requires Ontario lottery licensees to hold proceeds in trust accounts
Source: AGCO (Ontario)
The Alcohol and Gaming Commission of Ontario requires lottery licensees to deposit lottery proceeds into accounts designated as trust accounts by their financial institutions. Licensed organisations must hold Canadian-dollar accounts, while those permitted to accept US currency must also maintain separate US-dollar accounts; rules differ for pooled charitable gaming proceeds.
Ontario lottery licensees must account for proceeds through designated trust accounts, including separate accounts for US-dollar funds where applicable.