They play in the Major Series Lacrosse league where under the current format, they compete in 16 regular season games from May through July and playoffs beginning in August and ending with the Mann Cup in September.

After going through a period of low attendance during the 90's, the Lakers have enjoyed a renewed level of support from fans and the community at large.

[3] Throughout the playoffs, local businesses and city busses display signs supporting the Peterborough Lakers.

Peterborough has gained notoriety from outside the local area, as Bob Chavez of the Rochester Democrat & Chronicle referred to Lakers home games as "full and loud and wild...a great setting for lacrosse.

In 2008, the Peterborough City Council agreed to a 10-year $120,000 interest-free loan to finance the purchase and installation of a carpet for use by the Lakers in the Memorial Centre .