SPRINGFIELD, Mass. (WWLP)– MGM and Wynn, two major casino companies looking to build in the state, say the current gambling law is impractical.
Both MGM and Wynn want a change to the part of the law that requires casinos to withhold 5 percent state income tax on certain gambling winnings over $600 dollars.
That means players would have to stop playing to fill out tax forms once their winnings reach that amount. MGM has called that a “massive administrative burden,” and says it will push players away. They also say neighboring states all use lower, federal thresholds, making them more competitive.
The state gaming commission responded to the casino operators’ requests and says they have “considerable merit”. They are reviewing the request along with dozens of other proposed legislative changes. The gaming commission is expected to decide if MGM Springfield receives a gaming license to build in the city’s south end, by the end of May.