At the time, no law specified which level of government would have jurisdiction over the operation of games of chance. For this reason, the Government of Canada created a lottery in 1972 to finance the 1976 Summer Olympics to be held in Montreal. In 1976, that organization became known as Loto-Canada. However, due to sustained pressure by the provinces, Loto-Canada was dissolved in 1979, and the management and operation of games of chance fell under provincial jurisdiction. Provinces are however required to transfer a part of their lottery profits to the federal government. In 2006, this transfer amounted to C$14.1 million.