The latest issue of the quarterly review The Connecticut Economy focuses on the financial impact of gaming on the state, and speculates what might happen if Massachusetts gives casino gambling the go ahead and other surrounding states expand their gaming industries.
Connecticutâ€™s two casinos, Mohegan Sun and Foxwoods, together contribute about $430 million to the state each year, about two percent of the stateâ€™s total revenues.
But, Professor Arthur Wright says Connecticutâ€™s stake goes way beyond this cash: "It doesn't just affect the casinos, or it doesn't just affect the Division of Special Revenue, but it affects the Connecticut economy. You can't have 24,000 jobs being created and supported in a major section of the state without having some stake as a matter of state policy."
Wright calls on the state to forestall the effects of imminent competition by renegotiating its compact with the tribes and opening two new commercial casinos of its own. Other commentators say the state should confine itself to transportation and tourism initiatives to support the existing casinos.