A new study by the Greater Boston Chamber of Commerce indicates that casino gambling in Massachusetts could generate up to $2.3 billion in annual gross revenue and as much as $429 million for the state treasury by 2012.
An October analysis by another group indicated that revenues generated for property tax relief and road and bridge repair would be significantly less than the $400 million figure touted by the administration of Gov. Deval Patrick.
The chamber study, however, estimated that the development of three resort-style casinos would create 17,000 to 21,000 new jobs and construction jobs of 10,000 to 11,500. The chamber hired accounting firm UHY Advisors to undertake the research. Paul Guzzi, CEO of the Boston chamber, indicates it was hard to find a firm to do an analysis objectively.
Present demand for casino gambling in the state is estimated at $2 billion to $2.3 billion in gross gaming revenue. About $500 million to $550 million of that would come from out-of-state patrons, the report said.
Casino employees in Massachusetts could expect to earn $36,000 to $44,000 a year, the study said. Not many positions in the industry require training beyond a high school diploma, the report said.