The two tribes are expected to collaborate on the third potential casino property. Lawmakers have already approved another gambling destination, but the sovereign groups must first obtain authorization for any plans before building.<\/p>\n
\n“We are fully aware of the negative impact MGM’s facility will have on both jobs and revenue,” Andrew Doba, a spokesman representing the two tribes said last fall.<\/strong><\/p>\n<\/blockquote>\nSouth Windsor, East Windsor, Hartford, East Hartford, and Windsor Locks are all being considered. The resort is likely to come at a cost of around $200 to $300 million.<\/p>\n
Big Bets, Big Revenue<\/b><\/h2>\n
Since Connecticut legalized its two casinos in 1993, brick-and-mortar gambling has delivered nearly $7 billion to the state’s General Fund.<\/p>\n
As sovereign establishments, Mashantucket Pequot and Mohegan don’t pay taxes to the state. However, they do contribute 25 percent of their slot machine win to the General Fund.<\/p>\n
During the 2015\/2016 fiscal year, Connecticut received $118.4 million from Foxwoods and $147.4 million from Mohegan Sun. MGM is betting on bringing visitors in from Connecticut, as Springfield is riddled with crime and was ranked the second most dangerous metro in the northeast last year.<\/p>\n
The Connecticut Office of Fiscal Analysis (OFA) said in October that the MGM property will cost the state $68.3 million annually.<\/p>\n
The OFA opined that less bets will be placed at its two casinos, and that will directly reduce its take. The office also said 9,300 jobs could be at stake should less visitors travel to Foxwoods and Mohegan Sun.<\/p>\n
Placing a third casino in the northern central portion of the state would appease that forecasted reality.<\/p>\n","protected":false},"excerpt":{"rendered":"
Another Connecticut casino could soon be on the way should the state’s General Assembly approve a forthcoming proposal presented jointly by the Mashantucket Pequot and Mohegan tribes. The Native American groups are trying to make sure gambling revenue in the state remains there, and doesn’t flow north into Massachusetts where MGM Resorts is building a […]<\/p>\n","protected":false},"author":42,"featured_media":43347,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13,18],"tags":[],"acf":[],"yoast_head":"\n
Connecticut Casino Proposal Expected to Compete With MGM Springfield<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n