« New Bedford Career Center Recruitment | Home | Women for Hire Career Fair »
Casino Gaming Impact: Is it Worth It?
By Heather Carpenter | March 10, 2008
There has been a lot of controversy about Governor Patrick’s proposed casino gaming plan. The Governor would like to build at least three facilities within the state, projecting job growth and revenue as the key reasons for his proposals.
The Boston Chamber of Commerce has just completed an investigational report on the casinos.
Key findings of the report include:
Jobs:
*17,000 - 21,000 permanent jobs
*10,000 - 11,500 construction jobs over a three-year period
Economic Impact:
*Gross gaming revenue of $2 to 2.3 billion based on current conditions
*Projected GGR of $2.7 billion in 2012
*$376 - $429 million in annual net new state revenue in 2012
Societal Impact:
*Potential for increased rates of problem or pathological gambling, crime, and personal bankruptcy
*Potential for individuals’ improved physical & mental health due to increased employment and employment-based health care
What are your thoughts on the casinos? Will the jobs they project be the right kinds of jobs? Will the benefits outweigh the risks?
Topics: General |