Why Casino gaming is good for Massachusetts
• Massachusetts Residents Want It! Polls indicate that Massachusetts residents strongly support casino gaming through a resort-style casino. Bay Staters spend $900 million on casino gaming in Connecticut and $4.5 billion on the Lottery annually.
• Economic Stimulation. Job growth from resort-style casinos decreases unemployment rates, welfare rates, and crime on a per capita basis. Resort-style Casinos also have been shown to increase home values in their surrounding areas.
• State Budget Crisis. $1.3 billion structural deficit. Crumbling roads and bridges. Cash-strapped cities and towns with local revenues barely keeping up with inflation. High property taxes. And growing health care, pensions, education and capital improvement needs. All point to the need for more public revenues.
• Stagnant Job Growth. Our economy continues to feel the pain of the 2001 national recession. Since the recession, Massachusetts has seen a sharper decline in employment than any other state in the nation.
• A Mature Lottery. The Lottery has reached a state of maturity. Growth is at just 1.8%, compared to the national average of 6.9%. Massachusetts relies heavily on two revenue streams – property taxes and the lottery to fund its 351 cities and towns. We need additional sources of revenue.
Studies
Casino Gaming In Massachusetts: An Economic, Fiscal & Social Analysis
Treasurer Cahill Endorses Destination Casinos in Massachusetts
Maximum Bet: A Preliminary Blueprint for Casino Gaming and Economic Development in the Commonwealth
New England Casino Gaming Update 2007 & Press Release
Center for Policy Analysis Feb. 5, 2007 Press Release: Bay Staters Flock to Foxwoods and Mohegan Sun
Tell a friend!
Enter an email address to inform a friend about the Massachusetts Coalition for Jobs and Growth