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Local Aid and Finance Speaker DeLeo unveils proposal for casinos, slots
At a well-attended press conference this morning, House Speaker Robert DeLeo outlined his plan to expand gaming in Massachusetts by authorizing two resort casinos and allowing slot machines at the state’s four race tracks.
The plan was described as a way to add jobs to a struggling economy and to generate new revenues for state government programs, including aid to cities and towns.
The plan outlined by the speaker would authorize up to 750 slot machines at each race track and direct 100 percent of the revenue to a Gaming Local Aid Fund until the resort casinos are operational. Once the casinos open, the local aid fund would receive 30 percent of the tax that would be imposed on gaming revenue.
The plan would also establish a Community Mitigation Fund to assist cities and town near a gaming facility. The mitigation fund would receive $15 million from licensing fees and 2 percent of gaming tax collections.
Other gaming tax revenue would be dedicated to a Local Capital Projects Fund, a Tourism Fund, an Education Fund, and an Economic Stabilization Fund.
The House is expected to take up DeLeo’s gaming bill in early April, prior to its debate on a fiscal 2011 state budget.
• Download a summary of the House gaming bill (104K PDF)
• Download a section summary of the House gaming bill (76K PDF)
• Download the text of the House gaming bill (676K PDF)
Local Aid and Finance Speaker DeLeo unveils proposal for casinos, slots
Speaker DeLeo unveils proposal for casinos, slots
At a well-attended press conference this morning, House Speaker Robert DeLeo outlined his plan to expand gaming in Massachusetts by authorizing two resort casinos and allowing slot machines at the state’s four race tracks.
The plan was described as a way to add jobs to a struggling economy and to generate new revenues for state government programs, including aid to cities and towns.
The plan outlined by the speaker would authorize up to 750 slot machines at each race track and direct 100 percent of the revenue to a Gaming Local Aid Fund until the resort casinos are operational. Once the casinos open, the local aid fund would receive 30 percent of the tax that would be imposed on gaming revenue.
The plan would also establish a Community Mitigation Fund to assist cities and town near a gaming facility. The mitigation fund would receive $15 million from licensing fees and 2 percent of gaming tax collections.
Other gaming tax revenue would be dedicated to a Local Capital Projects Fund, a Tourism Fund, an Education Fund, and an Economic Stabilization Fund.
The House is expected to take up DeLeo’s gaming bill in early April, prior to its debate on a fiscal 2011 state budget.
• Download a summary of the House gaming bill (104K PDF)
• Download a section summary of the House gaming bill (76K PDF)
• Download the text of the House gaming bill (676K PDF)
Written by MMA Legislative Director John Robertson
