SPRINGFIELD, Mass. (WWLP) – Massachusetts will receive hundreds of millions of dollars every year once MGM Springfield and Wynn Boston casinos open for business.
Once MGM Springfield and Wynn Boston Harbor open their doors, the state Gaming Commission says Massachusetts can expect about $300 million a year from them. MGM and Wynn are each expected to kick in $100 million. Combine that with the Plainridge Park slots, and it’s $300 million.
The state will receive a quarter of the gross gaming revenues from each casino. 22News wanted to find out how all of this money is going to be allocated, and exactly what kind of improvements we can expect to see state-wide over the next 3 years.
The state gaming commission outlined how the money will be divided after taxes. The biggest chunk, 20%, will go to the surrounding cities and towns and local aid, followed by 15% for transportation improvements, and 14% for community colleges.
Richard Morales of Springfield says the allocations should be adjusted. “I believe it should go more towards schools and education than anything else. We don’t need more transportation – we can go walking or use a bike, honestly.”
10% will be used to pay off any debts, and another 10% for the state’s stabilization fund. Elina Deangelis of Longmeadow says any amount of money to make improvements is better than nothing. “Springfield really needs some work, and whatever their decision is on how to allocate money, it’s better than not having any like we did before in Springfield.”
MGM Springfield is expected to open in 2018, and Wynn in 2019.