Mass. casinos could bring in massive revenue
UMass report predicts $1.5 billion for state
A new study by the Center for Policy Analysis at the University of Massachusetts, Dartmouth, estimates that the state could see more than $1.5 billion in new revenue if casinos were allowed at locations in the western and southeastern parts of the state and at Suffolk Downs in Boston.
The three hypothetical commercial resort casinos could generate upwards of $500 million apiece in gross revenue, providing the state with $400 million in new gaming-related tax revenue within the first year of operation, the study found.
Double down
In addition to gaming income, the state could also realize large tax-related income from the accompanying hotels and restaurants the casinos would construct as well, in addition to providing roughly 10,000 casino jobs and another 10,000 construction jobs, the study concluded.
The study defined the New England gaming market as a $5-$6 billion a year industry, and concluded that $1.5 billion worth of demand in the six-state region has gone unmet.
"If the governor and state legislature approve world-class commercial resort casinos at Suffolk Downs and in southeastern Mass. and western Mass., they will ensure Massachusetts' dominance of New England's gaming, entertainment, tourism, hospitality and convention and meeting industries," said Clyde W. Barrow, director of the Center for Policy Analysis.
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