Industry News
The 390-page study, called "Gambling in Connecticut: Analyzing the Economic and Social Impacts," was conducted by Spectrum Gaming Group. It's the state's first analysis of legalized gambling in 12 years.
"The goal was to look at the good, bad and ugly of gambling in the state," said Michael Diamond, Spectrum's vice president of research. "We had to go back to 1997 to find a study like this, so we wanted to give a comprehensive look at gambling in Connecticut since then."We concluded that there should be more state gaming regulation."
The report says Mohegan Sun and Foxwoods casinos are responsible for creating 12 percent of the new jobs in the state since 1992 and that the casinos have brought in $1.2 billion worth of personal income to the state.
Fifteen years ago, casinos added $24 million to the state's general fund; in 2007, casinos brought in $340 million. But although the state once distributed 78 percent of the money brought in by casinos to its 169 towns and cities, that amount has now dropped
to 21 percent.
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